There is a 75 unit luxury building being built on the corner of this block as we speak.  

I am glad that you have a big dream of owning such a luxury car.

There has been a recent surge in new apartment buildings being built, specially close to the downtown area and the impact of those is still unknown as they are large and expensive for what has been the standard (they are also more focused on the luxury level with lots of amenities).DO NOT - I repeat, DO NOT try to buy something just based on the numbers.

Hardly anyone is goofy enough to buy 5 house on one lot or an old motor lodge.

The S&P 500 did 6.9% in the last 10 years, so it's a wiser play assuming rents don't go down, which they haven't in Boston for a long time (excluding luxury and ultra-luxury condos, which there are too many of right now, and my place is not a luxury condo).

Start it now, any properties you go look at will be tax deductible, travel, meals, lodging. as long as you buy and keep running the business. you can then also purchase the house under the llc. so if you start now, your ready to go

The conclusion: rent has gone down, and I can likely only get $8,000 - $8,500 due to a large surge in new construction luxury condos. * The 1% rule or the 100X rule says that I should buy a $9,000/month rental property for $900,000 or less, or sell a $9,000/month property if under 1%.

Still, demand is high and supply remains low (except luxury rentals, which is in bubble territory right now).BTW, all units in this project sold last year for 2k less than asking across all 3 units and we were very fortunate to have all 3 go under contract right before the snow blitz began.After the sale, we did have to go back and remediate mold in the basement.  

Hardly anyone is goofy enough to buy 5 house on one lot or an old motor lodge.

I'd also like a luxury brand, like BMW or Mercedes, and my budget is $9,000."