Real estate investing is forgiving; the average person can still make money even with some big mistakes.

Real estate investing is forgiving; the average person can still make money even with some big mistakes.

Especially in Milwaukee.And I would argue that average appreciation over long periods of time, have not much to do with hope.

Don't let them choose for you.Just inspect what you expect....Also I would talk to housing office in Memphis to get a feel of how many people are on the Section 8 waitlist, what kind of rents they pay, what zip codes are they targeting, see if they have any stats about how long tenants stay and average rent.While a lot of people try to look at google street view to get an idea of the neighborhood, there is no substitute for visiting in person.

In reality the more expensive the house the less the work.

Boston is expensive just as any other major city so you might have to pivot outside of it. 

$1,500-$1,600 is about the going rate for a 2/2 in most average areas of BR, but I can see where some neighborhoods would get more.Another thing to think about - if the property is sitting vacant right now and you have ready and willing (and qualified) tenants, then the opportunity cost of waiting an extra month or two is $1,550/month.

Since you already own the land, you’re saving on a significant expense that often makes mobile home rentals so attractive.

Will rent for 1750/month.Capex items needed soon: roof, water heater, furnaceArea: A area, appreciation is at about 5% a year but average home price is ~$500K so this home will appreciate faster, this will have multiple offers on itDeal #2 - mixed use, small office with a 3 bedroom and a 1 bedroom over it.Ask: 325KCurrently fully rented on one year leases, bringing in 4775/month but only one tenant pays their own utilities plus owner is responsible for snow removal and landscaping. 

I considered starting out house hacking a MF, but it will only increase my monthly expenses, not lower them or provide cash flow.