I've never really done a deep dive in analyzing the area because it is a retirement community, median income is very low, and there arent a lot of jobs in the area.

I’ve been a serial house hacker in the greater Boston area so happy to connect and share some lessons learned.Multifams inventories are quite low depending on your budget and location preferences.  

Consider a HELOC for value-added BRRRRs or flips if you have a low interest rate.

However, appreciation is very low in cheap areas.

Hi Daniel, condos can be a great low-maintenance option for LTRs, especially for absentee landlords since the HOA handles exterior upkeep.

After 2 years you can apply for a “Rent consideration” (I think that’s what they called it) as long as you still live there and that may allow you to increase rents by more than the annual allowance (probably designed for unit that are very low rents).

Look for a location with low crime, then look for the neighborhoods with the best schools.

His credit score is fine but his income is showing too low to get the loan, so I though maybe I could use my HELOC to make the purchase and do a Lease to Own.

We are looking for low maintenance (so primarily new construction or >2000 and well maintained/rennovated) single family homes.

(long as loan is paid) By the way, I had this house 2 years at the time and the loan was low interest for that time.