Thrilled to be part of this community!

They seem to have no problem gambling, but putting money on their own investing ability seems to give them all kinds of self doubts.  

Rents together are: 2945k/month for LTRMarket rents after minor reno: 3400 for LTRCan mid-term rent these as well: 4800 for MTR/STR hybridReno: 5-10kSeller wants 60k (his perceived equity) in 2years, nothing down and no monthly payment.Seller wants a chunk in 2 years b/c he wants to start a new venture.  5 years doesn't interest him and I am not thrilled with monthly payments b/c there will be much transition. 

You should know better.Let me again show you exactly what DMM is and how it traps you into bankruptcy especially for beginners.Orange line is your potential profits,  and the blue line is the potential Cost/deal.Unless you are sending 10,000 mailers, you are gambling and you know what they say about gambling.

@Tonya Weathers My freedom number was less than $2K, so I'm thrilled at getting $3K on this deal.

Very inspiring thread. and to me the theme is the money is made buying low value add sell high.. and or the dreaded APPRECIATION .. who ever coined APPRECIATION is gambling needs to read this thread.. 

Possible downsides include putting all of our initial investment into a single property, we might not be able to find a property in our price-range, and taking a bit of a gamble on occupancy.2.

Not thrilled about it, but it has been just over 2 years since my last purchases (purchased $4m in Dec 2021), they had a private beach (there is not going to be addition beaches at least not in human lifetime spans), the market is down just over 10% from its height, and it is a place I would enjoy visiting.  

We have loads of experience with exactly what you are doing are would be thrilled to give assist you in your search.  

New Englands economy is extremely diversified, which means it has and will likely continue to fair better in a recession as opposed to other regions that focus exclusively on gambling or tourism or manufacturing.