Your biggest issue is that $50k may not let you get a nice house and have any reserves.

Don't forget to annually mark time for vacation or family time.You might consider hiring a teenager part time if there's something that is time consuming (for me, putting out 20 open house signs then picking them up).Best to you!

They will be an incredible resource for your first house hack and beyond in Phoenix and Maricopa County, AZ.

Can't get housing?

Cash out refi only if the rental income significantly exceeds the monthly payment and you want liquidity to invest elsewhere.2.You can maybe do a HELOC if you want a smaller loan that doesn’t involve refinancing the entire house.3.

A house that's similar, but 10% larger than another usually isn't worth 10% more.

This facility has 144 Units and a 3400sqft shop house on the property.

As others have said, the best thing your son can do is run far from this deal, buckle down, save his pennies (he probably already is doing this), house-hack, and improve a property with sweat, hard work, developing a DIY skillset, and self-managing tenants. 

Consider financing options like hard money loans, or FHA loans for house hacking, and focus on areas with strong rental demand near the MA/NH border.

As of today, the house rents for $3,400 per month and my PITI is $2,500 per month.