I took a similar path a couple years ago by utilizing the 203k and occupying one of the units - definitely HUGE benefits to that approach.I'm not as familiar with the Cape and Plymouth area, but one of my closest friends and colleagues is down that way and has acquired 5 multifamily buildings by starting with the same approach.

Just leaped to investing and I've had worked with multiple Investor Friendly agents. 

(Cook county not, that Landlord Friendly, and Taxes are kinda out of hand) but this was still a good deal. $137,500 Purchase price (25%) downMOnthy payment PITI--$1205Gross rent $2100/month2  ONe Bedroom units $625/month1  2 bedroom unit $755/month garage rented for $100/month The 1 bedrooms are 50-75 under market valueThe 2 bedroom unit is about $200 under market valueCoin op laundry in the basement also.

These laws in Massachusetts are so lopsidedly tenant friendly and I am very interested in joining any group or organization that is actively fighting back against these ridiculous laws.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

I’m in NC so it’s a very landlord friendly state.

Plenty of people have friends/family that would like to live closer to them.

I had a friend actually keep his flip for his primary residence as his wife fell in love with the property and they had a baby on the way-however he used his own money to flip so he didn’t have to pay back a HML.Thank so much!

The best location starting is in your back yard. if that is at a high price point, find close friends are relative which are in other areas where the entry point is lower.