It's very important to have a good PM and not go cheap or there's a high chance your rental will get poorly managed and you'll lose money in the long run. 

When you have high quality tenants you want to keep a balance between appropriate rental increases and tenant satisfaction.

I highly encourage all my tenants to keep open communication with me about any struggles to pay rent, and generally they do.

In addition, there will be a ton of high school seniors coming to campus Jan-March to tour campus etc to decide if they would like to attend etc. 

Medford (North Boston) happens to be a low supply/high demand market so I absolutely need to get more comfortable with consistent rent increases but those increases need to be researched and in line with the market. 

My story, with 1/1000th his wealth (or less.) builds on Jay’s idea of zero debt (I only have a dozen homes worth mid to high 7 figures, but I owe zero.), along with his idea of where you come from and your life experience determines what you need to feel like you couldn’t spend all your money without wasting it.

I am a realtor and believe my income will not be as high as it has been for the past few years moving forward. 

If that's not in the cards I highly recommend you wait to make this purchase. 

High-quality listing photos are essential, so hire a professional photographer.

Rental property owners expecting high occupancy may need to adjust their timelines and rental projections.On the flip side, this delay also presents a unique opportunity for strategic investors.