The money you invest needs to be money that you don't need back for at least five years, and to put it bluntly, you can afford to lose it all in the (hopefully unlikely) event that the investment fails. 

Most lenders won't require an application fee and should be able to clearly lay out their financing costs, cash to close, and projected profitability for you.I hope this helps.

I hope the heck I've got more than a decade to go, but just have too many play things to do that are more important than buying another house.

It’s a lose-lose scenario.The only real winners are the lawyers and politicians.

Hope to see you at the meetup Wednesday!

I would hope there are some other less obvious or “cool” areas that provide better financials (rather than appealing to my emotional - “I love those neighborhoods”).

@Hedman Maximus too many investors worry about DIY pennies, while losing dollars - which it seems you may be doing.Why can't you hire a PMC to handle the properties for you?

I can envision that the numbers on these luxury homes would lead to to a long lag time...but hopefully I'm wrong. 

We have a high saturation of rentals that has caused the market to lose money. 

Win, Lose or Draw he's still in the records from your filing;-)Housing Court Judge, speaks to us at MassRealEstate dot net annually.