That's a pretty tremendous way to take advantage of leverage since the amount you'd put down is so low, and you're building equity you can then borrow on in the future and possibly living for free, even if you actual cash flow on that given property is low.

You could have tremendous ROE even with negative cash flow or visa versa in theory. 

@Devin Mann as said closing cost vary tremendously. 

My mothers family lived in brockton for years, now fall river, and maybe they put a bad taste in my mouth (god forgive me but they weren't very nice tenants to their landlords and abused the Mass system tremendously-lots of evictions).  

Whatever you decide to do, BP will help you tremendously.

I bought my house and land through the state of MS which has helped me tremendously and I have a real estate attorney.

To me, you will be in 5 years by how many books you read and people you meet (borrowed quote from Charlie Tremendous Jones) but it's really helped me.  

As @Matthew Gould said the rules and laws vary tremendously from state to state.

Old knob-tube wiring brings tremendous risk to you and other residents.

This helped me TREMENDOUSLY overcome my personal analysis paralysis.