Given the low risk, it might be interesting to go through the process so when a bigger issue comes down the pike you are not nervous about it.

We closed on a VT condo that's part of a ski mountain resort.

Check out the commuter line of the MBTA or areas easy to get to the Mass Pike.  

My favorites are the outer circle township areas -- Pike, Wayne, Decatur, Perry, Franklin, Lawrence. 

There will be plenty of other opportunities that come down the pike when you're better educated and prepared for them.To flesh out this piece of advice, I would tell you to avoid "heavy-rehab" deals in your first deal, unless you or one of your partners in this is an experienced rehab professional and that is a strength of your approach that you are looking to leverage.

.:...As to the things to consider when purchasing a condo: I always ask % investors, condo units in arrears on fee's (hint about upcoming distress sales), check HUD online and see if the development is approved and when the approval is up for renewal, check the financials/reserves thoroughly - there is usually a fairly recent engineer report giving live-spans and replacement costs of bigger items, I also ask if they expect any special assessments coming down the pike....Cheryl C. - that's a nice list.

That way they know this is not work about to come down the pike for them and I am able to get information I need.

Who wants to deal with the lead, asbestos, mold & God knows what else to come down the pike with older housing stock?

I'm not sure of a convenient meeting point for everyone, but I'd at least like to have an initial get together.24 August 2013 @1000Juke Box Diner7039 Columbia Pike Annandale, VA 22003

Again, by the water would be nice to keep my kids busy and entertained.What I can trade you for: a week into a similar size mountain cabin in the CO mountains, by Pikes Peak, 2 hrs from Denver, extremely private, minutes close to gambling town, fishing, hunting, hiking or other mountain type attractions.