This would be a worst case scenario, because like you I am not comfortable with managing a property from halfway around the world and plane tickets are astronomical.

There’s not a lot to compare to and there are 2 electric providers- one inside he city limits with astronomical rates and one outside of the city limits with average rates.

That property tax is astronomical btw 

The taxes are astronomical and the benefit of those taxes aren't always easy to see.

Your deal isn’t very good if your numbers are accurate .id find a new mentor because he’s clueless 2500 for insurance that is astronomical !

@Michael SneadI'm assuming repair costs in NY are a good bit higher than where I am, but I worked for a structural repair company for 6 years (how I got into investing), and those estimates for bowing foundation walls seem astronomical considering the solutions that are out there.

Hey Elliot...we have the exact same setup in our triplex and have taken the same route with getting quotes on new heat options that were plain astronomical in price.

Years ago I rented a room from a friend who rented a house, the power bill became astronomically expensive, $800 approximately.

Some of the investors I've come across have even gone astronomically higher than 5 units and heavily pushing commercial instead of residential.

My "fee's" are not astronomical, therefore I build in volume.