I figured I would invest in real world experience instead of paying a guru $20,000 to teach me what I could learn online.

For example, the unemployment rate, relatively low, is 6.5% versus MA's 3.5%It's been a long time since I was more familiar with Springfield, so I'm not sure about the impact of the casino.In general, similar to other working class cities like Fitchburg, in Springfield I'd imagine you'd fine the following conditions:- Attractive Cap rates- Medium vacancy- You're paying a realtor or property management company to find tenants (in higher end cities the tenants pay the realtor fee)- Section 8 tenants -- could be a negative or positive, depending on your view.

My partner will be general contracting at no cost, although he will be paying a few key 1099’s and contractors .

For due diligence, is it appropriate to ask for records showing current tenants are paying their rent?

I also pay for the water so the added income would help offset the bill, thanks in advance! 

They told me to get a Capital One secured card and never pay it to zero.

If a tenant is careless and causes harm, they should pay some of the cost for minor paint fixes and get rid of broken items.

Not sure it makes a ton of sense to use a broker here and pay 1.25% since you are already on BiggerPockets and can shop directly for lenders here!

Looking forward to learning from everyone here and hoping to share my learning and pay it forward to this great community!

The property appraised for $465k and we cashed out $348k to pay back our PML and use the rest as a down payment toward the next deal, a 6-unit we have UC.