Here is my thought, there are some thing home owner should know about. Being a home owner and landlord is so different. Because, Massachusetts laws provide many guideline and regulation for rental properties. You should study what will be involve in being a landlord. Also, even you want to convert it to condo and sell it to make some profit, are you ready for it?
Feel free to call if you have any question about MA law and what will be involved. firstname.lastname@example.org
Please note that as of May 4, there are currently 234 single family homes listed in Newton. There are 27 multi-family listings. The laws of supply and demand would dictate where your negotiation strength would be. Have you thought about condo living? This is another good alternative to single family.