With a budget of about $400k I think your goal of 45 mins from Boston is achievable especially in cities like Lowell which is where we do a lot of business.

I understand the metrics hat need to be achieved to maintain the status (material participation etc) so looking for did this status help your tax situation and how.

For those who have used a mentor, can you name one thing he or she advised that really got your attention and helped you achieve something you could not have otherwise accomplished.

Rehabbing the home to achieve the upper end of market rent.

Part of the costs are modest management fee (5% in leasing I think), an asset mgt fee of 9,000/year (1.3%), 5,000 / year acct/legal/organization, vacancy/repair/maint/misc util/ tax/insurance.. then the loan which refinances 24-36 mo which hurts cash flow but returns all capital**[I think you should achieve a 11.3% CAGR by initially investing 630K (615 initial + 110 year 2 minus cash flow), getting that money back and investing it in the market @7% and adding 35k each year till year 10 from teh cashflow.

And having confidence within my own standards.In real estate I have been able to achieve some success on my own, all while working a full time job that is draining me.

It helped that I high awesome equity, a high W2 and wonderful credit to achieve these high limits.

What is the maximum possible income I can achieve with 250k right now in the U.S?  

My goal is to achieve financial freedom through real estate investing specifically through Buy & Hold.

And you must have been looking to purchase all cash in order to achieve the cash flow?