Think about it this way: if I go out and crush a six-pack, drive home, and get there safely with no accident, does that mean that I made a smart decision or made the right choice?

Educating yourself before you make any rash investment decisions.

I’m in the stage of trying to determine the best way to go about my first rental and just want to make sure I have as much information as possible to make the best informed decision.

I've made tons of mistakes (thankfully haven't lost money), and plenty of bad decisions.

I hope I can provide as many details as necessary, but mainly, I just want to know what my mom needs to think about and understand in making this decision. 

I completely support your decision, @Matthew Swearingen!

Even 2-3 years back, the prices of triple deckers in Eastie were 30-50% less.In terms of what you should do.. it's a tough decision and completely up to you. 

@Heston VaughanYou have to make your own decision but I’m just saying make sure you run the numbers $30,000 PP $6,000 20% DP$24,000 loan @ 4% $114.58/MoLook at cash flow$500 rent-50% expenses-$114.58 loan-$50 for PM (10%)$85.42/mo or $1,025.04/yrThat’s a 17.08% CoCr 👍🏻 this is a great deal until it isn’t.

So, make decision to never quit.

Finish the semester strong, then make your decision.