If you're primary focus is capital growth (what I call appreciation potential), then you'll want to focus on more cyclical markets where you can get a positive cash flow but stand to gain more on the "back-end".In both cases above, you'll want to stick to markets that have a sound economy and a healthy housing market.

At the time we did not have a lot of capital, but finally found a bank that was willing to lend to us (rehab costs included), but we still needed something fairly cheap to be able to make the down payment and have funds left over for reserves and paying other expenses (utilities, insurance, mortgage payments, etc).

I do not have much capital to work with at the moment and work full time.Any advice for a newbie like me hoping to get started in Massachusetts?

If so I would go that route to continue to build capital, while beginning to research out of state buy and hold investments.

I'm considering using this strategy on my next house as well to generate some quick cash for more investment capital.

Have you considered selling and redeploying the capital into something with less of an hoa fee?

I plan to use it as an initial strategy to make connections and raise capital for bigger deals.

my question is should a start an llc and both property under it to capitalize on my investment and take advantage of tax credit an exc ??

$330 for P&I says you're at $400 for HOA, taxes and insurance where I'm only estimating $350 a month for all expenses, capital and vacancy.

My initial issue was gaining the capital necessary to make this more than just a dream.