@Dan Waskey - In my experience it is extremely difficult to find deals with enough meet on the bones, especially in desirable areas, but it is possible. 

I have always had a desire to pursue Real Estate investing, but it wasn't until I read "Rich Dad, Poor Dad" last week, that really lit a fire in me.My investment goals are to start out in wholesaling and then proceed to rental properties in the hopes of attaining steady cash flow and getting out of the "rat race" in order to leave a financial legacy that I can pass on to my family.I look forward to connecting with you all.Blessings,Ray Nicole

Unfortunately, as you may have noticed, many properties in the greater Boston area might not fit into your desired price point/budget.

Renovated a 4plex completely (the right way) and now gets the highest rents in the area.All about your performance and desire.

You can allocate the work load and returns any way you desire.

Second would be picking a city where renters in the market are increasing and making sure the homes in these areas are desirable areas for people to live.

Yes it would be unwise for an unseasoned investor without the proper team in place, however in the competitive market we are currently in hard EM is absolutely a lever that can be pulled to separate your offer from the rest of the pack.Do what he may with the information, what I stated is absolutely correct.The desired purchase price is $5.3MM - this isn't some $40k MLS listing where someone is going to bring cash in a week.

We bought our first two houses as light fixers in desirable areas, as defined by the base Housing Office and at an E-5 O-1-2 housing allowance, that we could improve over the years of our tour.  

Cash Flow around 700 and cash on cash 41%   1st in class b- neighborhood and appreciation likely2nd in class c+ neighborhood and appreciation questionable 1st would definitely have more desirable tenants (not to say 2 tenants would not be ok).3

Good Question,I have the same desires, so will be tracking this conversation.