The judgement issued for back rent will matter because it will show up on his credit score and future land lords will see it.

Gives you leverage to ask for higher rent / deposit (check your state land lord / tenant law). worst case tenant goes default, just evict and try again. comes with the game.

Because its too EXPENSIVE in the NY metropolitan area and the laws are all working against land lords, so I'm foreseeing an "exodus" of sorts from NY to southern states.

It should make sense regardless of the downpayment and then you're just adjusting your cash outlay depending on the loan options or in order to get to a cash on cash return that your comfortable with.I hope this helps and I know this is short notice but we're hosing a meetup at Lord Hobo Brewery in Woburn MA tomorrow evening from 630-830pm if you're available.

@Brad Rabinowitz, You lived in that property until sometime in 2018. 

Great post but good lord, the level/degree of cut and pasting on this thread was epic.

Welcome to BP Brad, I am also an aspiring Real Estate Investor from San Francisco, CA.

The properties are essentially "slum lord" remnants and the ask on them is about double what I think they should sell for.

@Brad BellstedtWhen you compare 18 4plexs to the number of SFR (3564), the percentage is (18/3564 = .005) or less than 1/2 of 1 percent.

Cheers,Brad