This got me thinking....I, like you it sounds, have the skill set to do many of the repairs myself.

Here are a few I recommend: "Rich Dad, Poor Dad" by Roberto Kiyosaki; "Set for Life" by Scott Trench; "The Unofficial Guide to Real Estate Investing" by Spencer; "The BiggerPockets Ultimate Beginners Guide" found here on BP; "The Book on Rental Property Investing" by Brandon Tuner.

If you're looking at investing in MA or any state, I'd probably wait till you have enough for 25% downpayment + closing costs and about 70-100% of capex reserves + vacancies set aside comfortably.

, but it will make your life so much simpler and more efficient if you set up a bookkeeping program from the start because eventually you're going to want one.

Set short and long-term mone­y goals.

Throwing three sets of strangers in a house without a host onsite is a recipe for disaster.Guests who rent rooms tend to cause more problems than guests who rent entire places.

In my line of discussion in this thread I've tried to point out the realities of the business and set the proper expectations for the next buyers who ask those things.

I understand the title insurance fee itself may be set by the state.

The waiting period or what is called in the business "seasoning" to pull out cash using the improved value is set by the the individual loan programs.

Was there a set price at which he could buy it back?