It sounds to me like you're acquiring a liability. 

I am thinking more from the insurance and future liability stand point.

Every PM I know or have worked with has the owner set an upper limit at which anything over that amount, you have to be notified.

I do have my limitations, but if the tenant is otherwise responsible, pays their rent on time and does not destroy my property, I can deal with the weed.

Closing Costs – Remember to factor in refi fees and how long you plan to hold the property to determine if refinancing will save you money overall.Since you mentioned owning the property for only a year, your equity might still be limited, impacting your options or leading to higher costs.

They are good for comparison of different assets and limited in telling you when, where, or how to invest.

So, you may not have have the ability to increase rents because Section 8 limits how much you can charge, which may not keep up with inflation.Not everyone has Section 8 issues as my clients had, but you will more likely to have more problems than with non-Section 8 tenants.Multi-Family vs.

Given your residency limits, the high prices in NYC and surrounding areas are a challenge, but there are still options in neighborhoods further out within your allowed range, like parts of Queens, Brooklyn, and the Bronx.

These expenses can create a paper loss, which may offset other passive income or carry forward to future years.If you qualify for Real Estate Professional Status (REPS) or actively manage a Short-Term Rental (STR), the losses can be applied against your active W-2 or business income, reducing your overall tax liability.

Im more a hands on learning definitely and as far as living in a unit i couldn't yet because its out of the kids school district  plus the limited space. but thats the goal, to buy a small air or inn to manage and run for work while still renting in our district and then looking to buy since we're renters again!