X, being an entrepreneurial type, lets it be known that (tough guys with tough pasts and probably tough futures) can bunk down (for lack of a better term) in the rooms--for a weekly fee (in cash).All bedrooms will be filled with weekly paying (guests, as she calls them) unauthorized subletors, or she may stay there concurrently with the children sleeping wherever they can find an unused horizontal space--except in the subleted rooms.The main living area may be subleted to 2 or three more individuals if she moves out.The bedrooms typically contain just a dirty mattress on the floor, and may have lot of new looking (grown man's) clothes on the floor and fast food debris.Mrs.

It's tough to "play it safe" right now in that market. 

But it seems like it can be tough to buy here in MA when you can buy nearly a turn-key property in another state for far less and still get a little bit of cash flow each month.So my question is, should we focus more on more turn key properties out of state or should we look into some BRRR properties here in MA? 

I also think it may be a good idea to target a property that may need some minor cosmetic work to get a slight deal (tough in a sellers market, to be sure).

That’s a tough lesson.

I have been a w-2 employee until recently, investing in real estate on the side.

No more managing tenants, vacancies, maintenance and the managing the manager (who is a $12-20 dollar employee who's compensation structure us not aligned with your goals) By passing the control of the day to day operations to true experts who are literally partners (direct alignment of compensation and motivations), you can assure the investment is being optimized while you spend your time on what you want which is 1) making more money at your day job, 2) spending time with your family or 3) finding that one off deal that you want to do one your own while pairing with a Limited Partner strategy. 2.

It’s definitely a tough situation.

I'm still finding the odd deal, but it's tough. 

203k can be a tough sell in this market because you need a contractor signed on for it and there is a ton of paperwork on their end and they can get easier work elsewhere.