My wife and I just moved to Boston, MA and we are very motivated to start investing in real estate in nearby areas (house hack would have to be near Brigham and Women's Hospital for work requirements, but the BRRRR could be anywhere within 2 hours of the Fenway area). 

I'm looking to buy my first rental property, so I've been analyzing a bunch of nearby markets.

Hi Michael,For your mentioned property target consideration, it can be seen in nearby Monroe the following example online for publicly listed duplex + office, that is estimated after expenses and mortgage payment to be net monthly gain (~$300/month) if you can get a lender mortgage with 15% downpayment owner-occupied 30 years fixed-rate loan to purchase (~$30,658 out-of-pocket from you to buy, including closing costs)If it looks like the type of case you would want to check further, let me know I will be happy to connect to share more details for this case or others. 

I did ask him where he is living and he claimed he is renting a house nearby with a couple of other guys. 

Curious if know of any trailers or places nearby for sale. 

That's not a "lake house;" that's a house with a lake nearby that one must get in a car to get to! 

Any easements, do the power lines run nearby, what is the zoning?

Idea #1 Pitch $650k (ran comparable prices nearby limited data) and get the home under contract for a longer time (45-60 days) in order to work with a GC to complete the two units by closing.

What are nearby comps selling for?

Many of the other locations highly dependent on property taxes are nearby Northeastern states including New Jersey, Maine, and Connecticut.The data used in this analysis is from the U.S.