If you have $1m and want to park it somewhere safe then this area of town could be. 

@Tyler DeVerse there are a lot of us that routinely direct mail the small multifamily properties here in town.

Considering the big chunk of change that is even 3%-5% down for houses at Boston prices, I wonder if it may be worth it to buy in a neighboring town (within a 1hour driving radius) where prices are notably lower, put a more traditional amount down (10-20%), and just rent out fully without house hacking.

Considering the big chunk of change that is even 3%-5% down for houses at Boston prices, I wonder if it may be worth it to buy in a neighboring town (within a 1hour driving radius) where prices are notably lower, put a more traditional amount down (10-20%), and just rent out fully without house hacking.

@Mike JeskiI think you are on the right track.You clearly understand the importance of having a network especially when investing in out of area.My suggestion would be to identify your top two or three markets.Plan to spend two or three days visiting each market - meet with brokers, property managers, contractors, talk to the “locals” you meet at bars restaurants hotel parks out and about town.

There is so much value that needs to be restored in this town.

The laws can vary quite a bit from town to town.

From what we have learned, it's a fairly friendly town for STR, all things considered.However, during our due diligence, we discovered that the property is zoned RS6 (single family residential).

Small town with a cute main street and vibe.

Hey @Jessica Parker the answer to your question will differ depending on if your looking for something at the beach or in town.