It’s a double lot (6400 square feet) that had a 700 Square foot addition added around 1940.

On that wall backing to the basement steps, it looks to be about 5-6 feet, I would add either lower and upper cabinetry for dishes and small appliances or a large reach in pantry maybe both if the wall is longer than 6ft.Doing this will give you a really nice big "L" kitchen plus a pantry and washer/dryer off the kitchen.

Currently I am not renting in Boston, I live at home for free, most of my colleagues pay 800-900 for rent with a few roommates, I was rounding up a tad.

(Side Note: if you really want to jump your credit score in a few months (because it takes time for the reporting to update), and if your disciplined with your spending try this;1st) I went and did the math to see what my positive cash flow each month off my active income (let’s say you’ve got $500 left over after you go through your monthly spending avg. which is all you kick out vs what you bring in)2nd) Go get a credit card with 0% interest for 12mths with NO higher than 5% transfer fee.( their are some with low as a 0% transfer and I had got that one on my 2nd round cause my credit wouldn’t let me at first)3rd) do a transfer balance after 24- 48hrs of opening the card (Nope you don’t need wait to actually get the card just call in and tell them over the phone to send a Blanche transfer check to your bank account in the amount of your car Balance; because you’ve only got a 30day window of transfer with 0% interest for the 12mths)4th) PAY YOUR CAR OFF IN FULL, and take your old car note (let’s says it $450mth) plus your $500 positive cash each month and add all $950 each month to pay against the balance on the card5th) in 45days start checking your CreditKarma app (its free) and don’t worry about the 5% if it’s larger than your car loan % because once you’ve paid your car off your score will go up and in a couple months of $950 your car will be paid OFF not in 2more years or so...Thus saving you probably more than $2,000 in interest on the car loan (so you get to keep $$) and time in payments.Your saving money on interest (keeping it in your pocket thus making your pocket bigger!

I'm thinking a partnership on the first house just to get my feet wet. 

With the major rainstorm we just had last week the basement for my tenant's unit (which is lived in) ended up under 3 feet of water.

All that being said, I give my business to banks that are easiest to work with and don't drag their feet on processing the paperwork.

It has high ceilings, a half bath, and maybe 1,200 square feet of usable space. 

Ideally we wouldn’t buy if it didn’t cash flow in the first place so I’m picking nice round numbers just for simplicity.Loan is 240K 30 yr. fixed at 4.3%Monthly payments are 1,500 Rental income 2,000Cash flow is 500/monthIf we use the cash flow to pay down the mortgage faster we can pay down the mortgage in ~ 17 years and save nearly 80K in interest paid on that loan.

I'm currently looking for the best way to "get my feet wet" and I thought buying a fix-and-flip home may be a good way to do that and use the profit as a downpayment toward my first rental property.