Get employer info and closes relative, have tenant update this info each time they renew.Have good screening done.

There is some water damage from a built in air conditioner and the inside of the house needs to be painted,  carpets pulled,  wallpaper removed in the kitchen and a bedroom,  hardwood floors refinished,  and possibly the dated kitchen updated with new cabinets, appliances and counters.  

I manage my and my boyfriend's rental properties (3 properties/6 units) but I am looking to get another property in order to gain a little more passive income and gain more financial freedom.If there is are others in the Quincy/Braintree/Holbrook/Randolph/Brockton area who meet regularly or who would be interested in getting a group together, please let me know.

UPDATE:   So everyone knows.

;age of the building;have there been any updates to the building envelope over the years (insulation, vapour retarder/barrier, fenestration, etc);are the radiators the older, freestanding cast-iron type, the mid-century baseboards, or the more modern flat(ish) panels;are the hydronic heating lines copper, black iron or {red} brass?

Forced appreciation is great through rehab or tackling mis-management but just regular appreciation is just icing on the cake.  1-4 units is a world with residential agents, lenders, property managers, etc.  5+ units is a different world with different brokers/agents, lenders, etc. 

In this scenario, it could look like no money down to you even though your partner is investing a regular down payment and there is traditional financing involved.

Alternatively, you could take a regular mortgage against one of your existing properties and use the money, this is called a cash-out mortgage.

I've been off of BP for a while, but wanted to give a renewed shout-out to @Chris Mason for his help going through my updated DTI calculation.

Please see updated numbers below in chart that includes insurance.