I got bit with the RE bug last year after finally reading Rich Dad, Poor Dad, and instantly had only one thing in mind... learn everything I can and get into REI.

@Terry Dunlap There’s still deals out there that will cash flow every month. 40-60k for the purchase and the right property below market value with an instant equity grab.

I hate to think the worst of people, but I KNOW he purposely waited until the closing agent came in to tell us the wire cleared before telling me.So, what was supposed to be an exciting time for me instantly became a pressure cooker.  

I joined the Army out of high school, learned about Real Estate, and instantly became obsessed.

Even if you plan to self manage, should something come up where you no longer want to or you head to a warmer climate when you do retire, the deal will instantly flip from potentially cash flowing to being underwater.Unless you can get the price down to under $45k, it's likely not worth it.

If you can swing an Airbnb in anyway in Somerville you have instantly doubled or tripled your rental income! 

I appreciate the input, I truly do but this is America where anything is possible if you just believe.Deavin, if you knew me and my story, I think there's a fair chance your hair would instantly turn white and you'd spend the rest of your life gibbering in a padded room.

I like to purchase a house that needs work as I buy instant equity.

You'll get instant cashflow. 

There are several strategies you could take...1) Secure your FTHB financing and purchase the duplex gaining instant income. 2) Use a HomeStyle Renovation Loan to renovate a property possibly gaining more equity and the potential use of a HELOC to jump into a new investment. 3) Purchasing maybe 2 properties at auction with your cash and flipping those/wholetailing those...