At that rate to come up with the down payment on, say a moderate 2 bedroom in Inwood/Riverdale - 350k minimum in today's market, I will need another 4 years - at best.

How do you know that she wasn't at fault (alcohol, etc) ?

You get a taste of multifamily cashflow for a moderate investment.What markets are you looking into?

So he is moderately motivated.

Moderator, didn't mean to post twice.

I'm currently a full time CPA, and deal with real estate on a moderate basis in my line of work.

We also have a tenant who is a recovering alcoholic and formerly homeless who needed a solid place to get away from family and "friends" that were enabling past behavior.  

We are constantly going on calls where we have to troubleshoot error codes by calling the Tech Support lines that are only moderately helpful.Now, in about five years, I think tankless heaters will be pretty much everywhere and will have most of the kinks worked out.

I've estimated the rehab for more moderate priced homes but I suspect a luxury home is going to have a dynamically different rehab cost structure, and as I've stated I'm curious to know if there is a way to estimate a prototypical rehab number for a luxury home.To your continued success!

Moderator please close this thread as I my question may be too broad and vague to yield a constructive answer.