Current rents are at $900 each unit =1800 once we refinance to a mortgage the mortgage will be from 2400-2500 total.

I have $200k cash ready to deploy, with access to funds if the right deal came across.buy box:10 miles from 23120, almost any condition (not looking for fire or totally distressed).   

A report from Apartments.com shows that 178,000 newly constructed units entered the market in Q3, bringing the projected year-end total to 636,000 units.

New York City though, seems like a a total dump with no redeeming qualities.

with the information provided can someone please give me our cost basis so I can figure total capital gains?

I’m hoping to find more success in Phoenix, but as you stated, the old fashioned way may be my best bet.

Airbnb gives you the best bet at getting both. 

Quote from @Patrick M Nichols: Cogo is a total scam... lots of fees on the front end.

Closing costs typically range from 2 to 5 percent of the total loan amount, and they include fees for the appraisal, title insurance and origination and underwriting of the loan.”When it comes to closing costs, a trusted lender can guide you through specifics and answer any questions you may have.

I know you said $5,400 but is that the correct monthly rent(total)?