Ideally you would want to have all your ducks in a row prior to submitting an offer but if you're looking at something in the Boston metro area on the market around $230k, it likely won't last long if there is money to be made.

$163,000 - Purchase Price$133,000 - Total Cost (Reno & Operating Expenses)$17,000 - Commission$378,000 - Sale Price$65,000 - Profit21% - ROIThe project took about 6.5 months. 3 bed, 2 bath 1,400 sq ft single family house outside of Greater Boston.

(I posted about the first here: https://www.biggerpockets.com/forums/223/topics/617056-very-first-flip-complete )Another single family house in the suburbs outside of Boston. 3 beds 1.5 baths 1,900 sqft.

I'm not too far away in the Greater Boston area.

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Things that are free (transportation to work) or highly discounted (medical/cable/food) go away.Doing the other 10 years right now is highly advantageous for you right now.

In fact for shared housing in MA, it seems the vast majority are health travelers to Boston.

@Etan, from what I understand, Opportunity Zones are not just in lower class neighborhoods. e.g. parts of Manhattan and downtown Boston is also eligible for it.

Hello, my name is Mel and I am in the Boston area.

Also if you have public transportation nearby, some tenants will not own cars.