Flights are cheap, or it's not that long of a drive when the weather is decent - come on up and see for yourself. 

We currently own a beach Coop which we are renting out while living at home for dirt cheap.

Solid town but plenty of rough areas too. you can buy properties cheap but do not let that attract you to buy.

I've priced out cabinets on a couple of websites and none of them come out as cheap as the local supplier.

Buy cheap, I mean cheap.

Buy items on classifieds for cheap and resell them for a profit. 

I don't know if all the listings I see on furnishedfinder.com in the Boston area are just plain bogus or people really can find cheap rentals via furnishedfinder.com.

In the future I might like this to get something cheap with a cash offer and fix up as needed.Ideally I want to get equity as the person who finds the deal and puts it together, and in the interest of retaining a competitive advantage, perform improvements needed as a Cost-Plus arrangement where I can cover my Company's COGS and Overhead.

I allow 1 night stays, instant booking, my pricing isn't cheap or expensive, and have been a super host.

HM for your first deal won't be cheap but worth it