Feel free to ask questions for more details but I'll try to briefly lay it out.My 3 year goal it to have $5000/ mo positive flow so my husband no longer has to work his 'day job'.

You may be able to look up the zoning in Revere by going to the city website. 

You may want to consider having you added in a junior lien position with a set dollar amount that you both can agree on.  

HiIf I buy a foreclosure from the second position for say $200,000, subject to first mortgage of lets say $300,000, and then the first position forecloses - my understanding is it forecloses the original owner, and not me.At this point,  can I pay the lender their $300,000 to prevent foreclosure?

Pros: low maintenance, low price tag, positive cashflowCons: rents capped at 700/mn, not going to bring in rock star tenants, not the most desirable areaThanks for the help!

I've gotten so much positive feedback from the summit - thank you for joining us - and thank you for the glowing review.

Chances are extremely high that the Paul Davis, Servpro's, and Service Master's, etc. in your area do program work and are not independent.If I was in your position, I'd hire 2 independent firms who are certified by the IICRC in Fire & Smoke Restoration (FSRT certification) but ideally, have a Master Fire & Smoke Restoration certification.

I've heard various rumors, bu I'm not in the best position (cash available, lower end credit score) to buy but I have a year to get everything in order.

Because I started my own business and had to show two years of positive income within the business my wife and I had to hold off on buying our first house.

Time to hit the books as they say and absorb everything on this web site that is being offered.