Being in Boston my initial focus was on rentals and I made a decent amount in this short time.In doing rentals I saw the biggest potential in investing and got very interested.

Cozy is backed by Google, generates revenue, and has some of the biggest investors in the industry.Intuit is a fine company, and I'm sure it works well for rent collection.

The city is the biggest city in the state in terms of area and has many houses that are old.

@Anje WalfoortI think the city fees are some of the biggest hurtles for developers.

The biggest factor in your soft cost will probably be time.

For out of state investors on rentals, what is the biggest pitfall that is overlooked?

Something to keep in mind when raising the rents on tenants is what their cost to move would be.Moving is expensive and one of the biggest headaches there is.

The child's basis in the property would be the same as the parents basis.However, one of the biggest tax breaks in the code, at least in the top 3 favorable tax breaks is the "stepped up basis."

If curious read on.Notables (There are MANY more but this is already a novel): Biggest complaint: They do not inspect or clean properties in a timely manner.  

Biggest takeaway-Make sure to use sound barrier caulk between the ceiling and wall, NOT drywall mud so that the sound vibrations do not travel easily to the wall thus transfering the sound and you hearing it there instead.