I can do more but I don't want to blow it all, obviously.  

By the way I am not like some landlords, I am proud to say my properties are free and clear (I know it is contrary to what is advocated by many in Biggerpockets).  

At what point does one make a decision to blow his earnest money away?

I don't know if you agree but the cost to rent or buy right now is mind blowing.

I suggest you buy a small multi family (2-4 units) and live in one unit, renting the others, rather than blowing all your savings on a condo which you’ll be fully responsible for.

Fact of the matter is you WILL have $500k after 5 yrs of investing with a dayjob and a good bank relationship...so beware of blowing you load on one massive, high value, high interest, 5 yr balloon purchase...I buy where it makes "cents", not where I can show off the building)Just because this guy will sell to you doesn't mean that it's a good deal...still the cash flow looks pretty basic on the first glance.If you are putting down $30k that should answer the bank question pretty well...it's all individual...I buy my houses in Toledo on a line of credit (so I can buy 15 foreclosed $20k houses and there aren't any appraisals or bank discussions required...I could buy a boat or cruise with the money if I was stupid enough to choose to do that).

Yes, they WILL stop picking up the phone.)Case in point - when I hire myself out in the capacity of a contractor, I give free bids ONLY when I have the strong feeling that the person actually intends to do the work, or if they have a solid history of actually employing people and I feel good about my chances with them.If I get a call from someone whom I feel like isn't serious, I will very happily either blow them off completely or charge them for my time... and I value my time quite a bit.As an investor, I don't ask someone to bid more than once or twice without either giving them the work or offering to compensate them for their time.

I didn't want to blow anyone away- my rate is $.50 per sq ft and includes architectural and engineering plans .

Secretly, I read them too...Seriously though, the magazine has already started to blow up the leads to our website.

But now you have to keep it registered in both states and pay both sets of fees and if the state you establish the entity in has income or entity business taxes you could be subject to those as well as the MA ones.Also by having to register in this state you will lose pretty much any of the benefits touted by the out of state incorporation advocates IMO.