And that will be hard in short amount of time.Hope that makes more sense...but certainly feel free to just call me if you want to talk anything through.  

A lot of investors based in markets like California and New York are choosing to purchase their investments OOS in the Midwest because of the affordability and numbers making more sense.

I hope I make sense haha

They also did not know that their SS mangers were kiting $5K per month of rents so the rent roll made no sense and I got the bonus of the missing $$'s. 

I hope this question makes sense as this is our first year filing and our first full year of operation. 

After that you'll want to see what sub-market/zip code might make sense given the relative rent/price ratios.

I think paying off your primary makes sense if you are close to retirement, but not if you’re young, and not if you have a sub 6% interest-rate. 

So many folks are out here touting making millions with $0 down and you proved that even with all the due diligence and good investing sense, you have to be prepared and take risks that are proportioned to what you can withstand.

Something will come up that will make more sense. 

If the rate is reasonable then it may make sense to try to save fast to get to the 3.5% down payment on a double or triple - househacking may allow you to increase your savings rate and pay down that loan even faster.As for estimating costs, closing in NY factor at least 1% of the mortgage amount for tax, plus $1500-2000 for lawyer, title and fees, then the amount required by the bank for escrow will depend on the actual property taxes and insurance.