That ballpark figure is for closer to Boston.

Hi BiggerPockets - I'm relatively new to this game having acquired my first home, a duplex we are owner-occupying in the Boston area, late last year.

And do it in an area that could potentially see some growth.If you company allows you to work remotely, I'd look to move to a much cheaper area and find a property that could deliver you some value -- low price point, high ARV, opportunity to improve, etc.Then you could work from home, househack, and have someone covering your living expenses while you also drastically reduce your transportation costs.Your 45k salary will cover the essentials and some good times for a young kid -- max your 401k and any other needs -- and the rest goes into your investments.

A: Each has a 10 out of 10 in nation score.Simple fact is rehabs product greater returns in higher value areas (NYC, coastal CA (San Fran, San Jose, LA, OC, San Diego), boston, Seattle, etc.).   

Boston is really hot (for now), so you may see a lot of appreciation.

Hello Boston,I can tell you that a quick and dirty analysis is to use Carlton Sheets suggestion for cash flow analysis.  

I am in a hot area in Boston Ma and also got lucky with home appreciation.

(It is very important to know what the land's surrounding area offers, such as nearby grocery stores, parks, retail, schools, public transportation/light rail, and employment centers because it will be easier to attract potential homebuyers or renters.)(3) FInd out who your City Councilperson or Alderperson is and what has she or he done to help real estate developers.

University District, Sherwood Forest, Rosedale Park, Indian Village, East English Village, Midtown, Boston Edison, just to name a few.

It's also easy to transport.