I initially started my search with a multifamily strategy in mind in a slightly more suburban parts like Malden, Dorchestor area and doing a LTR on the additional unit but soon realized that I am not ready to make the suburban transition just yet.

In my unprofessional opinion I thought it was maybe 1M maybe 2M bt there selling agent listed it for 22m Initially 30M.

Upon the initial walkthrough, we identified major structural damage throughout the property.

Upon the initial walkthrough, we identified major structural damage throughout the property.

It was initially purchased by another investor and eventually foreclosed on.

I house hack here locally as well and recently sold off all my Midwest cash-flowing properties for a multifamily property here that is initially cash flow negative. 

We have an initial investment of $100,000 to $200,000 to get started.

@Rubin Thomas, My initial thought is that you cannot do a 515.5.

Next should come distributions until your initial capital is paid back + that 8-12% return. 

I could also counter it since it's his initial number, though I haven't done that yet.