If your rent ends up being comparable to your current mortgage, it might not give you the cash flow flexibility you’re hoping for.

Purchase price: $4,100,000 Cash invested: $2,000,000 79 unit value add apartment complex with roughly 800k in cap ex completed What made you interested in investing in this type of deal?

Contractors, unless you have a working relationship with them, normally do not want you bouncing ideas off them.Understand what their hourly rate is, have a discussion with them that you are okay with paying them an hourly rate if they walk the property with you and provide you a scope of work along with an explanation of what you can/can't get away with in regards to improvements.ask them if you go with them, if they can credit you the amount that you paid.Once you develop a working relationship with a few contractors, you can bounce ideas off them and expect quality responses.I do not invest in New York.Best of luck. 

In the long run, I want to build a portfolio that will bring in cash flow.Would be great to connect with all types of professionals who work in the area.

That amount is baked into the rent you charge.

I guess my only other option is to add padlocks onto the cash boxes on top of the regular keyed entry.

  $6k per month and $30,000 to get it going and it cash flowed about $20k a month. 

We are not too strapped for cash, but it always seems better to have more in the bank than less.

The operating LLC doesn't own any asset, just liquid cash that is rental income from tenant and expenses against rental properties.

Still tons of deals that hit the 1% rule and positive cash flow here and you get amazing appreciation potential.