Analyzing comps and coming up with an ARV is both math and art.

Man... this could be a great opportunity but I have heard that NY tenant laws are a TON more liberal that they are here in Missouri.

As a Data point we are now seeing this in High priced markets with ultra liberal cities not prosecuting crimes of less than 1000. 

Zen and the Art of Real Estate Investing in events, tagged for Montclair.

My dad used to always say Oregon is become a giant art colony.  

Just look up Zen and the Art of Real Estate Investing in the events for Philly.

. - gauging asset appreciation is more of an art than a science, especially in the current market.

It is a Depression-Era, 1930 single family home with Art Deco design elements located about a block from the city's rejuvenated downtown area, where there are shops and restaurants, and across the street from The Siloam Springs Museum.

Economics is still half art and half science at this point.I was just in a similar situation with a condo I owned, basically lost money with maintenance costs but had been appreciating like crazy.Sold it and did a 1031 and it covered most of the 25% down payment on a 4 Plex that should cash flow very well after the renovation.I view this a good on all fronts, just plain business sense and if inflation does happen I have way more exposure for it to be an advantage for me by having 4 units with rents that can go up and a larger asset that can appreciate.

Art