Seems like the only neighborhoods where FHA is even a possibility is cypress hills / east New York or east Flatbush, among other further out areas I don't really want to live in.

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.

New York City doesn't even have cap rates this low, let alone Fortworth, Texas or Tempe, Arizona.

https://www.parealtors.org/blog/pennsylvania-population-chan...Pennsylvania is the fifth largest state after California, New York, Texas and Florida. 

The losers here are the tenants, the greater Akron community, and New York State who will end up having to deal with our homelessness on some level.  

I mainly want to ask if these assumptions are reasonable and if there's anything I haven't considered:(1) multifamily units in NJ close to New York City, ~$1,000,000, 20% down payment, (2) Using the following assumptions: 4% appreciation rate, 6.5% interest rate and 5.0% refinance after 5 years, $10,000 yearly maintenance fee(3) ~$6,000 monthly rental and assume 3% increase yearly with 5% vacancy rate(4) Based on the above, the calculated IRR if selling at the 10th year is ~19% (considering tax benefits) and ~17% (without tax benefits).

Columbus and affordable areas just like your market have the same. you can't compare sarasota to miami either. this is condo market not housing. palm beach or fort Lauderdale aren't the same. they are more horizontal markets. miami has the 3rd tallest skyline in the country after Chicago and New York.

Syndicators who bragged about how smart they were, showed off fancy lives, cars, private jets, and mansions, second homes, and wrote books and sold expensive courses about how smart they are at investing are being exposed all over the place.

Investment Info:Townhouse fix & flip investment. 123 W 132nd St is a historic townhouse located in Harlem, New York.

Investment Info:Townhouse fix & flip investment. 159 W 129th St is a multi-family building located in the heart of Harlem, New York.