The older the home the more difficult (and therefore expensive) it's likely to be to restore a home to pre-loss condition2.

There are several hurdles during the process:Find the deal - Unless you are marketing or plugged into a community where there are opportunities, it isn't always easy to find the right dealsEvaluate the deal - Without professional guidance and research tools, it is difficult for a newbie investor to evaluate and ARV/FMV or create an adequate rehab budgetSecondary exit strategies - If things don't go as planned are their other opportunities to exit profitably.

It merely means you will likely have a difficult time refinancing the property to a traditional lending source.

. - cash flow is difficult now with long term rentals even if you pick markets that have lower purchase prices than Boston.

Keep in mind that they can increase that period if they get complains from the community, so make sure you're in good relationship with your neighbors.

If you have extra cash at the end of the month, then do double up payments on the mortgages so the principle is reduced and this will increase your heloc room.

While these technically exist, these are typically difficult to execute and are very expensive.

The deduction is optimized as values increase and can potentially offset the entire net investment (including down payment) for high wage earners.

Aside from the increased rental value, properties that are on water, or have a view of the water, are going to appreciate in value at a higher rate than the others.

But once I got the bills, I increased the rent with the tenant's approval and signed an addendum to the lease stating the rent increase would be X and the owner would take over utilities.