Other people also mentioned Southern NH, and Nashua and Salem are great cities with a reasonably easy commute to Lowell.Definitely do your research for two reasons: 1) NH residents get killed in property taxes but there are no sales or income taxes. 2) because of that lesser tax base, NH residents get significantly fewer benefits, including unemployment in the event of layoffs, etc.

If there is any REIA events during that time, that would be perfect!

Hello Zaid I suggest you go to real estate networking events in your area and present your deal at the meeting.

If you plan on holding a property for a long time you might have to front most of the cost of replacement in the event of a claim.

You can find mentors near you by going to Events https://www.biggerpockets.com/forums/521-events-and-happenings

I guess in general I'm confused about the order of events or steps I should be taking when acquiring a deal to make sure I'm not getting a money pit etc. 

We are doing them monthly so keep an eye out for future events.

This would mean not being able to claim depreciation, interest, etc.Alternatively, if you and your husband owned the property out-right, then this wouldn't be an issue.However, if it is done this way, your brother won't qualify for section 121 exclusion if the event the property increases in value significantly.Again, a lot of moving pieces.

There are many people who live in NYC that successfully invest in real estate(inside and out of NYC).You should attend a couple of real estate networking events and connect with a couple investors and see what everyone else is doing.Good luck to your investing career!

Invite your sister to check out our women’s group this Wednesday evening listed on events page.