Just so those newer to syndicating (like OP noted) are aware that there many flavors of syndicators, and that "who" is running a deal may not be who one thinks it is, depending on how the items are enumerated.

.: @Marcus AuerbachI think we need to help OP distinguish between "cash flow" and "a good investment."

classic scam.to the OP  google Ingrid Robinson /  American greed   / Remington financial she took those guys down and its worth watching how they work.. the foreigners are on to it.. so anything with even slightly bad English is a huge red flag and 100% fraud.this guy looks more Russian than Kiwi to me.. 

when the OP said the bank is WILLING to take 91k to me that means or infers a default situation and a discount..

I would run from people like OP as an agent. 

Condos will be your best option when compared to co-ops because only about 15% of co-ops allow subletting.

The first indication is you spent $290k for $1800 cash flow or a 0.62% monthly ratio.Rent $1800 - PITIH $1480 - $180 (pm) - $90 (vacancy at 5% which is lowest i ever allocate in my underwriting and likely low per the OP description of a lot of new development) = $50 for all other expenses.Maintenance/cap ex on 4/2, 2100’ will exceed $300/month even in cheap labor markets on sustaining basis.  

Although I agree that if the OP is moving OOS, it would be best for him to hire a professional PM.

I think the OP is talking about property tax not income tax ??

The OP is talking about the short term rental business.