We are looking into purchasing our first mid-term rental about 5mins from a hospital but the crime rate according to neighborhoodscout.com is 32 per 1000 residents which is relatively high in Massachusetts.

Investment Info:Single-family residence other investment.

So, heed my advice and tread carefully with these ventures.

This property is three hours from where I reside, complicating the direct management approach.

As a violation it provides the mortgagee with the OPTION of accelerating the note - with all the proper notices and procedures for the state of property residence. 

This is no longer his primary residence and he knows it needs work and it would be hard to sell on market.

Be careful of firms trying to sell you on $7k plus packages and complex entity structures.

I sold that house two years ago for 80,000 It is my back up in case of emergency I have had some emergencies and only have 25,000 leftI have bought three properties I live in one primary residence valued at 800,000 and have a rental that is paid for that is rented section 8 for 1900.

If you are not able to pay them back they can come after you for everything. it does not matter if its a LLC as the personal guarantee is in your name.I would be very careful over leveraging yourself. 

Yes need to be careful for the title search/insurance fees.How do I know if my vacant land is not an improved parcel of land?