a lot of new investors pick the cheapest markets in the country regardless of how far away they are, and how much knowledge they have of them, and I think that's a huge mistake. 

I decided to go on with the property in Kenmore and went through the process. 

Also in the process of understanding what investors are looking for as far as a deal that makes sense.

There is an agreement between NAR and the banks that it needs to be processed through a real estate agent.

They uncover a lot of problems with these properties.It sounds like you have enough to work with to appeal their process.

We managed to navigate it, but it was a lesson in the importance of understanding both federal and state regulations.Given your location in Boston, Massachusetts, it's especially pertinent to consult with a qualified intermediary or tax professional familiar with both federal and Massachusetts state laws to ensure a smooth exchange process.

Quote from @Sunil Ghosal: Quote from @Madhu Kongara: Hi Everyone,We are in the process of purchasing 1 acre of land for $300K in the area and are considering building a cabin.

That's great to hear that you're graduating and you want to get into multifamily.I would start off in a commercial real estate firm, learn the systems, the sales/buying process, how to analyze deals etc...

@Salome DitmarsThe advise you received on your post will take you some time to process.

They typically require a higher down payment and come with slightly higher interest rates, but they streamline the process for investors with nontraditional income.Finally, for long-term scalability, you might want to connect with lenders specializing in expat or foreign income borrowers.