Please note that I have 25 years of experience renting out apartments and houses in three other states, but I’ve never done so in MA, so I don’t have experience with local MA laws or vendor expenses. 

To me the biggest issue with out of state investing and long term rentals is that you have to deal with property damages and/or evictions. 

I believe it is a larger issue than what we define as the economy, which is mostly measured in corporate profits and Wall Street performance, this is not what the average person perceives.

@Patrick ShepWell said @Bill B. the lending wouldn't be an issue in this case as long as you meet your reinvestment requirements.

Part of it is due to a personal family issue, but part of it is due to the high prices and rates.

For instance, things like death, divorce, job loss, natural disasters, heath issues, etc may cause you to change your plans unexpectedly and may change what you do with your home as a result.

Preliminary experience stemming from construction as a young adult to gaining my degree in law.

.* Refinancing issues at the end of the Balloon Payment?

Armando,The best way to avoid issues is to buy a Multifamily (2-4 Unit) as your primmary with 3.5% down. 

Inspection Results: Mostly small issues, inspector was mainly concerned with multiple cracks throughout the siding.