I see that you're out of state from me, have you had any experience with HML's that lend to NY residents or know of anyone who has?

., resident in the forums.Click on the "Education Tab" at the top of the page, and you could be spending many hours on the Information that is available.Raymond

I know that because I would be living in it I would spend more to find houses in the area I wanted to live in and I have not found many SFR in those areas that offer much cash flow by my calculations.Option 2:  Buy an investment property and rent for my primary residence for the time being. 

Melissa,Thank you for the recommendation, but that'd be too far for me.. my current job is in Milpitas, and I am looking for a primary residence.

House hacking is also an awesome strategy in CA because you get to lock in low property tax rates and it is relatively easy to cash out the equity you build in a primary residence and use it to leverage your next property.  

I'm not necessarily a Massachusetts investor (outside of my primary residence), however, I'm happy to chat or network if there's anything I can help with.

This prop was seized from the previous owner who now resides in prison.

Resid or with the larger multi's. 

We'd like to help them and do a deal but I can't think of how it can happen with the way the numbers are....unless there is a solution we don't know about because we are so new to investing.

What am I missing here folks, what am I not factoring in, has anyone else been in this situation, is there a better solution to offset the expense of a mortgage of $1900?