Weird Strategy for High Income individuals

[Simon A.]

Hi guys,

I would like to ask about your opinions and views about the following strategy.

Let us assume that I am a high income individual with full time job and I want to invest in Manhattan where prices are just ridiculous. I want to buy a 2 bedroom apartment which costs 700k$ and rent it out for 3k$ per month. It is as far away from the 2% rule as you can get.

However, what if I put down 210k$ and take a mortgage for the rest ? The property should cash flow and I use the leverage a little bit.

The question is : Do you think that this is ''safe'' way to invest in RE for High - Income individuals ?

Thank you for your views.

Simon