If your goal is cash flow, then your best bet may be to live in it for 2 years, and then take that tax free gain (250k single person, 500k married) and buy elsewhere. 

They can serve the initial notice to vacate but the actual court filing needs to come from you as the owner or through an attorney.Given you're out of state, working with a local eviction attorney is definitely your best bet here.

If someone is willing to pay you $500k / year, I'd bet that you're a pretty high value / hard working person.

I bet that you can pay off this debt in 1 year or much less.

For example, many of my off-market properties came through connections with other property management companies and real estate agents who knew I was serious, trustworthy, and ready to act.One of the pivotal moments in my career was realizing that real estate isn’t just about the numbers—it’s about the people behind them.

I can bet if inflation runs then Boston prices skyrocket, but I doubt Austin does.

If you cannot prove income then our rental DSCR loan will be your best bet. 

I would bet the older homes will see a lot more appreciation than the newer homes, percentage wise. 

If we face any headwinds, liquid investments go first so probably crypto but then you bet equities will get pressed.

It isn't impossible but as @Jimmy Lieu mentioned, there is a steep learning curve.Depending on your liquidity, out-of-state buy & hold rentals could be your best bet if NYC investing is out of the picture.