Get a little closer to Boston and there is the awesome Black Diamond meeting that @Ann Bellamy runs and the Boston Area REIA.

I offer a story - I am not a black man.

During Thanksgiving time I ordered six houses of appliances during a huge Black Friday sale.

Going North there is the Boston AREIA (now in Medford) the Black Diamond REI event in Waltham run by BP regular @Ann Bellamy and going a bit farther @Justin Silverio has been doing a quarterly (The others are monthly) unofficial BP Meetup in Woburn that a lot of locals here have been going to.

The problem I have with principals like the 2% rule is that they're too black & white.

@Shaun Reilly, do you happen to go to the black diamond networking sessions?

I currently live here as well (Black Rock).

In many cases the old saying as to "the letter of the law" or "the agreement" isn't the case in reality, it's the intent and circumstances weighed in light of what is black and white in business dealings.As a servicer of installment contracts I have had many initial threats to accelerate a mortgage to maturity.

Herb Bleacher of Black Knight Financial (Formerly LPS) said; “While first mortgages are almost half the levels as one year ago, total home equity loans have increased by 70%”.

@Eric Black I am not purchasing this property specifically for price appreciation, I'm purchasing it more as a buy&hold wealth-building investment (through cash flow, rent-paydown and appreciation).