In today’s market, with rising interest rates and fewer good multifamily deals available, focusing on (SFH) might be a smart move to get started.

We seem to be returning to the “Drive until you qualify” days, where homebuyers are forced to move further out to find affordable housing.For someone who works in Marlborough and only commutes a couple of times a week, buying a multifamily home in Worcester might seem like a smart investment.

Using a HELOC is a smart way to unlock the equity in your current home and put it to work for your next investment.

They would need to make "improvements" to the property, wheel chair ramp, handicap accessible showers, etc.

2) Grace Period: 5 days- Many judges in our area frown upon no grace period- Ours is voidable if tenant is late more than 3 times in a 12-month period3) Late Fee 5% on the 6th- Our software auto-charges- We will waive for a GREAT tenant, 1 maybe 2 times annually, just like a lender may waive the occassional late fee4) Daily Late Fee: 10% per diem- Our software auto-charges- We added this years ago when a smart aleck tenant, upset that we wouldn't waive their late fee, told us they would pay the last day of the month.- Judges often throw these out:(5) Eviction Notice for Nonpayment of Rent: sent ASAP- In Michigan, it's a 7-Day Notice- Our staff bulk sends on the 6th of each month, no exceptions- Even our best tenants get them and we just tell them it's automated and they can ignore if they payRecommend you have a detailed Eviction Procedure and follow it!

I’m trying to be smart with the $90k, so any advice from those who have been through something similar would be greatly appreciated!

You have come to the right place to begin your investing journey.Awesome board with many smart people having own suggestions and ideas to grow wealth!!

Dividing the property into separate lots and placing them in distinct LLCs is a smart move to limit liability.

Investing in landlord-friendly markets is smart, especially if you're coming from NYC, where tenant laws can be quite strict.Detroit might be worth considering as well.

This implies that rather than pay the loan early, you are likely to do better putting that money in S&P or you can do far better using it to make a smart RE investment.- current f/f is around 6%.