I recommend following Dave Foster here on Bigger Pockets.

I live in Rhode Island and, although it is a bit of an expensive and tough market, I want to have my first property near me so I can learn as much as possible.After doing some research we are looking to invest in one of the following areas in Rhode Island:1.

I dont like the following::Busy street, lots of steps, next to commercial or industrial, houses on either side are in very poor condition, very high taxes, certain construction styles and materials, on street parking, being far from transportation or main highways.These ideas above are just a few but the main ones.

Comps have been running higher lately,Pushing 185-195.

@Eli Haliva Call as many brokers as you can and follow up with them every month.

I would echo most of what @James Miller said and add the following:* The LO/CFD can be recorded as a deed w/ vendor's lien the day after signing.* Any JP who knows anything on this will deny all evictions.* Compliance is virtually impossible.* Most of all the executory contract statutes apply when there is a consumer tenant/buyer but not for commercial.The owner is probably better off doing a full wrap sale than LO.

If your broker only represents one carrier (captive agent) or only has a couple of markets you should also consider getting quotes from other Independent agents who represent different markets.The following is part of a post I made to a new owner in the past. 

., your parents and children, for example) by the IRS will be deemed prohibited.Unfortunately, such transaction would violate the following prohibited transaction:https://www.irs.gov/retirement-plans/plan-particip...

As much as MHP makes since, dollar wise, cities dont like them any more and are pushing them out.

Best of luck to you and your fiancé - I look forward to following your journey!