South Florida seems like a perfectly good place to me, and if you have to go an hour or two away from where you live, do that.  

I have two promising multi-family properties that will be hitting the market in the next couple of months in Gardner, and I'd love to share more details with you.

Don't be surprised if you talk to two of us and receive two different opinions.

But at the end of the day, the biggest mistake I see new investors make is taking two years to buy while looking for the perfect place, instead of buying the pretty-good place, learning along the way, and moving on to your second property.Good luck with your journey!

As far as I can tell every HOA document has something like this one form or another:The term "single family residential purposes" also shall be defined as: (1) one or more persons related by blood, marriage or adoption, which may include only parents and their dependent children, siblings, parents or grandparents; or (2) by no more than two unrelated persons living together as a single housekeeping unit and their dependent children, siblings, parents or grandparents.See Article III Section 3.1 here as an example: https://1drv.ms/b/s!

Bank will want to see at least two years of tax returns.

What quantitative and qualitative factors lead you to pick these two funds over the others you looked at? 

My market is rentals in Philadelphia, by year end I will have two triplexes (6 units total). 

Without being callous you should certainly reach the point where two main rules apply 1) it's your way or the highway - your system or no system and 2) you provide a service and thus will be compensated for your time regardless of what outcome the owner is trying to achieve.

When eyeing multifamily investments, you’ll likely encounter two key metrics – cap rates and gross rent multipliers (GRM).At first glance, they seem similar, but there are some important differences between the two.The GRM simply divides the purchase price by the property’s total potential rental income–it doesn’t account for operating expenses.Cap rates, on the other hand, factor in both income AND expenses to give a more complete profitability picture.The main advantage of cap rates is their ability to evaluate better and compare investment returns, risks, and value.