It's not required in any way. 

This means turnover, which happens in any business.  

Just want to jump in here to reiterate what @Michael Smythe posted previously.

Small towns also don't appreciate much unless it's in the path of progress or a development is coming to town nearby. 

Can you you plant tall arborvitae in a double/staggered rows to filter the noise?

There's great advice in this thread already.

Boston already has a plethora of multifamily housing, which largely doesnt exist in the entire mid-atlantic or southeastern parts of the country.

It takes a very long time to even get in the ballpark.

Also, I’m in Texas. 

You'll want to focus on securing a favorable financing deal at the refinance stage—ideally, you want to pull out as much of your initial investment as possible while keeping monthly payments manageable.A big consideration is understanding your after-repair value (ARV) and ensuring the rehab costs add value in proportion to that.