the money you'll spend in management and transportation makes this a tough sell to me...sounds like alot of sleepless nights....

On the design side you can get 6 points for Public Transportation Access if the building is within ½ mile walking distance to a subway, or ¼ mile from a bus stop.

Add in $7 s/f for your foundation and $1 for transport etc and you have $20.50 per s/f which is a little less than a simple steel building.

Hi BP,Over the last number of months, I have been aggregating data and analyzing the Quincy, MA (south of Boston) multi family market.

Helloo Bigger Pockets :-) ,My wife and I are now looking to buy and owner occupy a multi-family. We currently own one 2 family (owner occupy) and a single family that we rent out as well. Unfortunately we cannot find ...

Our entire model is based on a few key principles:MSA performance of unemploymentSTEM job growth in the areas we develop thus creating more recession proof economiesAffordability index of rents vs income still having room for improvement compared to similar marketsLow vacancy ratesA/B properties to eliminate as much of the risk of payment, crime, and damages that come with C propsAccessibility (we need solid transportation hubs to major economic hubs which attracts good paying jobs with lots of relocation)If you'd like to learn more anytime drop me a line or give me a call.  

You need to have great contacts for repairs/chef services/transportation and a concierge that can coordinate for your guests unless you plan on living on or close to the property full time so that you can provide those services yourself.

These are areas that are closer to Boston, bus line, and colleges.

CLOSE TO EVERYTHING: shopping centers, public transportation, SLU, WashU, SSM, scenic parks, The Hill, Central West End & more!

Assuming that you are attempting to cut out spending, there are likely to be only three categories in which you can make a material (decades faster in achieving your goal) difference.Note, this does not take into account what you can do on the income front.These three categories are:* Your Housing Costs* Your Transportation Costs* Your food costs See this graph of average american household spending from the Bureau of Labor Statistics:Where are lattes in that graph?