Like when they were dumping money in the market to prop it up, they are spending money on infrastructure and climate change projects, adding government jobs and other spending.

You have more than enough Market, in a 800,000 Pop city.5Outside or climate controlled?

What do you guys think about the real estate climate right now in Mass?

As an out of state investor I prefer warmer climates in more landlord friendly locations.

They give you some insight into the market there and kind of the political climate surrounding landlords.http://www.duluthnewstribune.com/news/4271560-dulu...http://www.duluthnewstribune.com/news/4202449-dulu...http://www.duluthnewstribune.com/business/4294669-...

Zach, This is a very tough climate for being a limited partner in a multifamily syndication.

In any case in the current world and political climate I strongly recommend working with a property manager even though thats an 8-10% hit on gross revenue (though a good PM is very much worth that IMO)  I would recommend trying very hard to avoid buying a single house to rent out.   

My initial underwriting showed expected cash flow after allocating for all expenses was starting just below $2K.We have had one tenant turnover (not the way below market rent unit, but one of the quite a bit below market rent units).Current rent: $7515 with one unit way below market rent and one significantly below market rent and 2 units near market rent.I also took unfinished existing space and converted it into >400' storage area (added insulation and climate control) that we have used to store items related to our STRs and other items we seldom need/use (like Christmas decorations and Halloween decorations).With a single tenant turnover in 2.25 years and current cash flow after all expense allocations being over $3k/month, this purchase has worked out well for us.

However, extensive use of tile is not appreciated in northern climates with *real* winter.

A local real estate agent or property owner might lie to close a sale.Buy in an area with some similarities to the area where you live, such as climate, demographics, or property age so that you have some idea of what you're dealing with.