Even if you think you have won, time always deals a healthy dose of karma.

As a long time resident of New York, owning real estate can be very daunting in today's marketplace.You are in the embryonic stage of your RE investment career, young and have the time, so saving is healthy and rewarding as well.

I've had credit for less than a year and haven't filed income taxes yet, my first filing will be for 2015.This way I will have the income, experience, business history needed to get loans and show operating capability, and I could use that company for all our real estate transactions.Another advantage would be having the manpower to purchase buildings and keep the management "in house", while at the same time having some income from the existing management  contracts they have in-place.I am looking for a company with at least 5 years in business, cash flowing 300-400K, healthy financials and no debt.

It sounds like a good deal and fit with a healthy ARV projection to boot. 

Do you have healthy reserves?

You max out your 401k plan at $24,000 which is still a healthy amount to put away.

I was able to purchase properties in 12 cities just 3-4 years ago that have all doubled or tripled in market value while collecting large monthly rental income that can never be duplicated.The window is closing in most major markets I believe to duplicate what was done over the last several years, however with our help we can help you find the last few that can make your retirement healthy again.

It is not healthy or smart for us to wallow in our disappointments.             

(You'd be looking for the needle in the haystack with lots of active participation on your part to find them. )As I'm sure you've discovered, there are many markets around United States where you can achieve favorable rates of return and be in a healthy market and in desirable neighborhoods.Working with a professional to help you identify those markets in neighborhoods would be my best advice.

Per seller, the HOA has pretty healthy cash reserves at this time and it looks like the buildings have been well taken care of.