I'm pretty sure this power couple, worth $12,000,000 are not living in a slum.

Conversely, as a local, it's a little easier for you to tackle a lower-end, higher-CAP unit at first and really keep your eye on it. 

We've been shown several properties that, to use our internal conversation, a 25 year old couple could perform.

It's a very powerful tool to recession proof your portfolio but still allow for growth. 

I would ditch the garage conversion idea.As Kevin said, the numbers don't look great but unless you buy more house or broaden your area you probably won't be able to do much better. 

In taking it off the wall it appears to be powered by electrical. 

Only attorneys could follow that conversation!

On these deals, speed is critical, have the conversation with your lender and get that pre-approval letter ASAP, so your offer can go in immediately!!!

You're still having active real estate conversations with people without doing the grunt work of being a showing agent. 

Typically, in the downturn, next to stall will be condos in the non-Boston communities that just went through huge conversion crazes (Salem MA, Lowell, MA, Lynnfield, MA, etc)... but it's town by town.