They specifically want to stay in SF and use the equity in their home to invest.

I am talking specifically about Auction.com auctions of foreclosed properties.

There have been a few posts on this specific subject, if you haven't searched through historical posts I would recommend that as there are a few leads.

Feel free to hit me up with any specific questions.

Since there are more and more people who are self-employed there has been an increase in programs specifically for us to buy houses.

Anyone have a good connection for commercial real estate (specifically large multi-family)in Atlanta?

OP also specifically said Boston...not an entire county.If you want to throw numbers out, share the last 5, 10 years, or 20 years of year on year growth pertaining to Boston...and we'll have a logical discussion here.According to NAR’s findings, the median home price in the first quarter in the Boston-Cambridge-Newton area was $442,700.

You didn't say what the specific deal is, how much work it will take, time frames, and what is required, so it's hard to give a good answer.

Management is low margin and full of headaches...maybe not with only one property but even with one...picking the wrong tenant or not knowing how to hire the right repair contractor can cause problems and ultimately vacancy...vacancy kills profit...My two cents.Greg

I would suggest finding a local trusted broker or attorney who can advise on specifics for a fee.