Originally posted by :Originally posted bA couple of friends have properties in Somerville (South of Elliot Hospital and east of Maple St) and they are always saying despite a few issues, this is the place to invest when it comes to cash flow, appreciation (I know), and tenant demand.Any thoughts are greatly appreciated folks.Flavio North of Webster will always be king in Manchester but extremely difficult to land. 

Unfortunately, this Tennant is extremely under market rent, approximately 800 below market rents.

Considering the extreme hardships I have heard from owners concerning evictions in the Chicago area my wife has presented a question.Instead of having tenants sign a lease, which gives a binding contract. 

Since I am only a year into the property, I have just under 1000$ in the maintenance fund.Currently, I have a leak in a 20+ yr old roof (not a direct result of hail or super extreme winds) over my tenants side, and going up on the roof, there is a lot of decking that is spongy and seems like it has been letting water in for some time. 

Thank you for the information it was extremely helpful. 

Getting a contractor can be extremely frustrating especially if you need to make an offer without even looking at the property.

It is extremely limited.

Or unless Freddie wasn't giving you an approval, which is extremely unlikely.

An extreme, but no unusual, is for them to ask for part of their rent back.7 - Always have an agreement on hand, but only one. 

We got it extremely cheap, even cheaper than the any lots in this area by at least 10k.