Like I said it really comes down to your business style and what you want to accomplish in Real Estate investing. 

I also know the construction styles of the houses in my target area down to a T, so I know which ones are built poorly and which are rock solid. 

What are peoples' thoughts on how framingham shall convert into the proper city style model: the "south side shall see a lot of change"

Out of the blue, I decided to just check out some properties there and found a cape cod style semi-turnkey for $90K.

Personal homes are a liability, a life style choice,  and will subtract from your financial growth.  

And wouldn't those numbers ultimately depend on the style and quality of the rehab the buyer usese? 

@Tony Marcelle  well then when you land that screaming deal and want to flip you know were I am and then you know as well that I am a for real buyer .. and you don't have to waste time on others that will just try to flip your deal daisy chain style.

it all depends on where you place it on the form and which forms you are usingif you are doing your taxes in ez style like turbo tax or some other irs entity youll not get your deductions for the forms are not thereif you are going to do your taxes then you need to go with the longest form you can and get all the right forms you needa lot of cpas will not do this for it is difficult plus they think they will be held liable for the taxthis is not true the only people the irs are going to audit is youanother lesson to be learned, if you are going to have property then it is in your best interest to go to a tax prep class and learn what you can right off and what you cant, for instance do you right off your work clothing?

The house was a cabin style house, A frame 2 story.  

To describe the area better, its very historic and there are 2 properties that are almost communist block style housing.