Curious to hear people's thoughts on whether or not to look into property investments in the Boston area, most likely the suburbs since Boston city is way too expensive.

Housing in the NYC area is obviously more expensive and will likely require a larger down payment.Thanks

Not sure about Florida but it can be difficult and expensive to find landing spots for an RV extended periods of time. 

Another savvy move is "house hacking," where you live in one unit, renting out the others to cover expenses and even make some extra dough.

To kickstart this project, a comprehensive home energy audit is on my agenda to craft a strategic retrofit plan that significantly enhances operational efficiency by 40-70%.This endeavor seeks to diverge from common quick fixes, such as installing baseboard heaters, which merely shift heating costs to tenants.

That’s exactly what it is - a third party cpa firm goes in and verifies if we say investors got X they got itThink of any mutual fund, when they publish there 1,3 and 10 year performance it’s not them doing it - it’s a third party that follows the same set of rulesIn speaking with this firm it was kind blowing how they noted some people calculate returns.Some will use depreciation in there analysis, some will go off costs per year and not at time of expense, some will note gross for entire fund not gross for investor or net for investorIt was very educational and informative.

I was able to BRRRR four properties there and now i am slowly deciding to pivot to tackle more appreciation plays.If your first rental is an appreciation play and there simply is not enough rental income to offset your expenses then you may run into financing issues after your first property.

Using 50% rule:- Property 1: p&i ~$1800, expense $1600.  

Of course, if you do any renovations on the property to get it ready for rent, those renovations may need to be capitalized (added to your basis) or might be expensed, depending on what is done. 

As a business with expenses, taxes, insurance, non-paying tenants, maintenance and an empty rehab trailer haulaway he is probably clearing $500 a month +/-.