No more land lord responsibilities.Cons: Pay: Massive tax bill.

After it's rehabbed, you could then rent both units and use the cash flow to offset another primary residence or potentially refi and use those funds to scale your portfolio.I wish this policy change was being talked about more because it unlocks a creative new strategy for investors in MA, since you do not need to owner occupy to do it! 

Just a year and a half ago, I wholesaled the house directly across the street from this property, making this deal even more meaningful.

That being said, your numbers are still pretty slim and if you're not too sure about your ARV I think you should try to renegociate with the seller to get your numbers down a bit to offer you some more breathing room.  

If you're out of state and it's first time, this is really important

For one, if you have any properties with conventional loans on them, this makes things much more complicated and severely limits your ability to limit your liabilities.

That free Rentalizer tool that came with the BP membership was super helpful.

This is my clause.

These numbers will often surprise you with a significant jump 50%+.

Quote from @Galant Ant: This cane happen really anywhere..