The greater metro area’s median home price increased by a more modest 1.1% to $466,998 over that same period.

Conceptually think of house hacking in the NYC metro as a reduction in rent.It all boils down to the numbers, but if the direct property costs (mortgage + insurance + tax + capex/repairs + vacancy) - the income (rental income) is less than your rent, you are effectively saving yourself money, aka "rent saving"I did this in 2014 in Westchester county (different location, different time, different market), but effectively cut my rent in half.Regarding Basit's suggestion, I would follow this ONLY if your cashflow from the other market is greater than the "rent saving" in NYC on a per dollar invested basis.Joe

---So, get a GREAT property inspector NOT recommended by the turnkey company to avoid bias.2) Misrepresenting Property Class - have seen many turnkey providers in Metro Detroit area sell OOS investors Class C properties as Class B.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

I recommend looking at B neighborhoods up in your local metro.

Generally, I hear better things about the more northern areas of the greater Phoenix metro area, and there seems to be more new development the more north of Phoenix you go such as in New River or near Carefree Hwy, but am not an expert - I mainly drive it for events, going to the airport, to visit others, family in college, etc. 

I would expect closer to $400/sqft, which is gonna be about 2 million, which sounds about right for building a 4 story home in a major metro.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

We have all seen times when the SFR market in high demand major metro areas like say SF and Silicon Valley where multiple offers are generally the rule not the exception.

I am looking to get into tax liens locally for commercial properties, Chicago metro area only for now.