When I was younger, my parents purchase a condo and my family fixed it up before renting it for 5 years and selling it.I currently work outside of Boston, however I'm not sure I plan to invest in the area since the property values are so high.

Purchase price: $27,000 Cash invested: $40,000 4 bedroom 2.5 bath Victorian SFH with 2 car garage...purchased at online auction for $27000 (its in a somewhat more rundown part of town however there are nice victorian type homes in the area and its near the lake and downtown.

Expanding the master bedroom and reconfiguring the kitchen dining and living space for a more open concept.

There aren't many multifamily properties (mostly condos) and buyers don't seem to be very interested in renovated properties.  

The stairs with a closet that we enclosed into a 4th bedroom.

It had a large loft space upstairs with a closet that we enclosed into a 4th bedroom.

Not so easy to find something ready to move in for that price ITP, so, you might want to look OTP.Maybe also take a look at condos, since youre out of country and condos might need as much care taking.

It was originally a 3 bedroom.

Landscape yard, rehab kitchen and bath in 1 bedroom side.

Specifically, they are interested in having 8 men live in the 4 bedroom 2 bath house.