Buying existing rentals and improving it is another story. typically I'd agree but we build a stacked triplex that does very well with build cost around 380k and rent at 5k a month. value is about 600k I think you need to build multiple dwelling units in the same building for the numbers to work

You'll have lots of options no matter where you go in Boston, good luck!

There are a few options.1.

Typically you'll need to bring a significant amount of cash in the form of cashiers checks to put the downpayment the same day.

You could likewise do a lease option instead of a wrap which would prevent that from happening although admittedly, buyers rarely follow through on lease options. 

Research prices, network with agents, visit properties, consider financing options, and conduct thorough tenant screening for reliable tenants.Good luck!

Typically when someone highlights all the other benefits besides cash flow my spidey sense tingles.

Based on my budget can someone guide me on a few options?

I am curious to know what the typical fees are associated with the operator they refer you to though. 

Just so you have a frame of reference the cost of a 1031 Exchange is typically around $1,200.