Building a trusted team is key, so starting that process as you actively search for your market will put you in a strong position moving forward.

Hi BiggerPockets Community,I’m looking for advice on breaking even or generating positive cash flow with my studio condo in Prospect Heights, NYC.

I always love to see the positive attitude - that's half the battle.

Your cash flow is positive on paper, but how will that look in reality?

This has been amazing to get feedback and I appreciate everyone's input!

@Ray Tsang Thank you for the candid feedback on your experience! 

I recently did one where the lender did allow it but that was because of our position as a great customer of the bank and our impeccable credit record.  

I'd  love to hear your feedback and experience if you have any.

Thanks for the feedback; some quick stats: 9 doors across 4 states, about 50% LTV ratio with a Net Income of about 17% and cash on cash of about 3%.....in fairness those numbers include some overall business expenses not tied directly to one specific property.

I was in a similar position with my SDIRA and decided on working with PPR.