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In your situation, you probably had little choice: you needed reliable transportation, had little money, and no credit.  

I figured another $10,000 for transporting it and utility hookup which I feel is more than enough.

At the time the area was booming in interest because of a proposed transportation/infrastructure advancement.

A van that you could live out of would be perfect, as it would give you transportation and housing.

Check on your Auto Insurance to make sure it will cover the use if you transport tools and materials for the project.  

There are good income earners living there and buying properties there because of commute time, public transportation, restaurants, coffee shops, it’s safe and fun.However Point Breeze will not do alright, who ever is doing new construction or flipping there will get hurt badly.Here’s my logic why Point Breeze over anywhere else is a bubble.First, It’s not as safe as the other places.

Hey guys, Just moved to Barcelona last month from Boston where I invested in long term rental for the last 5 years (total of 8 units).

You can only find so many locations for the same 4-6 tenants in the Boston South area.Just my unqualified comment.

But I suspect it is hard to find that deal in Boston too.