A market like Boston has a long track record of appreciation in excess of inflation/cpi.  

Thomas Cruz is the legal owner of a mansion in North Miami per the Miami Dade county property tax records.

Nothing is truly "passive" and a big misconception with new folks wanting to enter the real estate arena.For example, just bought a 6 unit using leverage and trying to secure a loan was a disaster of a process.I can only imagine what others have to go through on every time they purchase a property using leverage.But then again, I'm bias to the "cash only" approach.The constantly changing conditions, terms, keeping tight bookkeeping records and tax returns in order and regularly manipulating the BS credit score algorithm.Placing good tenants is more a skill then hope.It took me 10+ years to fully wrap my head around using leverage the right way and being able to "manipulate" the system to get better rates with a quicker turn around.Keep being great thanks for your reading and replying to my comments 🙏

Especially since I have a solid track record in general for having a good sense of people. 

This is listed in public records.

Be sure to ask about this when talking to lenders.Keep detailed records of your expenses during the rehab.

The rental had ratty furniture, a record player prominently featured in the marketing but it had no speakers, missing basics items in the kitchen, lots of drunks in the concrete hallways that reverberated right into the bedroom at 2am, a strong odor of urine outside, and more.We have super hosts in this forum that have hundreds of 5-star reviews and are masters of the craft, but I look at their rentals and see they don't have any artwork on the walls, decor is basic, they do nothing to make the guest feel welcome, etc. 

UPS box is more expensive, but can do more things such as used as a business entity's main address on record.

Hopefully it doesn’t come to that, but he does have two evictions on his record already so it’s not out of the realm of possibility.Thanks @Kathleen Leary for your suggestion for the lease.  

I'll admit upfront that I would never own rental property in CA, so that colors my response.I'd offer the tenant up to $10K to leave immediately, keeping the eviction off their record, then sell.