If that is the case, just let them take it to market to sell.You could offer to manage the property and have them to rent it out now where you pay them a flat rate every month and anything you make over that amount is yours to keep.

I am slowly going crazy with how expensive Massachusetts is and I am leaning towards looking at cheaper foreclosure properties.I understand there is some risk to this but I am beginning to think this is the only option I will have because of how fast the market is growing.Thank you for any insight you may have!

If Allstate is not offering proper coverage (stress the if) and you can get proper coverage in the surplus lines market you would want to do that. 

OTM = General, overhead/widescreen view of nationwide market tends.BPRE = Detailed ways specific people are making money in real estate.

I like the idea of a newer 4plex but they just don’t exist in my market.

Is there anyone in your local market you could take out to lunch who does flips?

I will research my market to find out what's required for my state.

Plus, since 2013, the average annual rent growth and appreciation have been 8% and 10% respectively.In further discussions with this couple, they expressed their desire for both strong rental income and the tax benefits of investment real estate—advantages that are only available with properties in our target market segment.Additionally, their desired retirement home features and the characteristics of a good rental property were completely misaligned.

There is no one size fits all answer for this question, market to market, and property to property are all different. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)