Some of us want to keep our houses as our (HOR) home of record, but we get around and may choose to go live in Maui down the street from Brandon Turner for a year to see what island life is about :-) and don’t want the house to set empty…‘Appreciate any feedback yall may have on this one.Standing by,Sincerely,Leonard

I personally don't do HML deals, but I'm from clients across the board that HML rates/terms/points/fees have gone to crap (or, really, they went back to where they always are when Wall Street isn't buying the paper).

But to someone who has only lived in the suburban McMansion area their whole life, it might be a C/D (there is a bus stop 300 ft away the consistently has someone with a brown bag in hand, people keep their houses nice, but they are mostly 70+ yrs old, cars park on the street because most don't have garages or driveways).I agree with @Erik Whiting, there are people in all income brackets that are good, responsible people.

There is some crime around the area but not on any of the 2 streets above or below.

That allows you to keep 1 relationship established for all your insurance opposed to having multiple.Also, I suggest working with a broker who specializes in working with investors because they understand the investors mindset better than your person down the street.

I'm not that keen on this specific sub-market/micro market/street location however.

Why is the strategy so popular?

Stamford is dubbed the "Queen of the Catskills" based on this history and this was one of those premiere cottage properties attached to historic lodge across the street.

Traveling South I think you can explore Quincy/Braintree and a more affordable Abington/Weymouth that's been very popular in the recent years. 

it would be my first.Co-ops are popular here and are the most affordable.Is this a good way to start,to  buy and turn it into a rental?