My budget for the property is up to $200K. 

Instead of buying the same type of property each year, the idea is to gradually increase the size or number of units in each deal.

It also helps to show them the amount of interest they can get when they add up 30 years of payments (compared to the sales price). 

Who gets blamed for and/or has to handle the following unique to nonfamily roommates:1) Missing personal possessions?

Quote from @Rou Odab: Some of these things would come up on a home inspection, but since we are past that I would do a couple of things.

The tax savings could be larger than the regular income. 

Getting that first property is exciting—and yeah, NYC is no joke when it comes to price of entry.Honestly, a lot of people I’ve talked to in your shoes end up finding better opportunities just outside the city.

I will be here for 6 months to a year and looking to continue hands on support/experience.I am a construction manager and have a lot of background in contractor management, site scheduling, and quality control.

Fewer still actually show-up to deliver the value in-person. 

The appraiser will not give you much now, but when it comes time to sell, it will make a big difference.