You can usually get an free appraisal from a local real estate agent.

I would need to rent it out 8 days a month to break even.

The states that I know require you to try to mitigate your damages if a tenant breaks a lease early.

Oftentimes, investors will do what we call a diversification exchange and sell large investment properties and reinvest the proceeds into multiple smaller investment properties tax-free, and even structure your next deal using a few of those strategies @Drew Sygit provided.

Change orders almost always come up, so it's smart to pad your numbers.Structural: Foundation evaluations are usually free, so it’s worth getting that early.General: When you do your inspection, ask the inspector to flag all non-cosmetic issues—you can turn that into a working list.Interior: If you bring a clear list of what you want done, most contractors will build you a rough scope for around $300.Projects like this can definitely work, but tight budgets just need tight planning.

I manage hundreds of properties in greater boston and own a bunch as well, feel free to dm me if I can provide any guidance/help

We’d strongly prefer to exit with at least a break-even outcome, or pivot to a hold strategy that preserves the capital and gives us another shot at resale in 2026 when market conditions might improve.

Many high-net-worth investors take a blended approach - allocating a portion to brokerage accounts for growth and liquidity, and another to real estate for income, tax strategy, and diversification.You’ve already done the research - now it’s about aligning your investments with your goals: freedom, family, and financial control.If you'd like, I can break down a sample allocation strategy or help you evaluate your first real estate deal.

We've seen quite a few folks come back after a break — and when the vision's there, things move fast.

Things are trading within a range, not breaking up, not breaking down, and following a strong trend that ran.