Triple net is beneficial because you are a hands-off landlord.

Hey Everyone, I'm new to the real estate game and Bigger Pockets, and looking to Westchester as a potential honey pot for investments.

i dont know anything about syndications but if i had to guess is it just having multiple partners in a single deal that put there money into a pot to invest?

Once you add-in the cost of utilities (especially heat), furnishings (couches, tables and chairs, beds, sheets, towels, table cloths, pots and pans and plates and silverware, napkins, toilet paper, TV's and radios, washer and dryer and refrigerator - yes, it's common for a long-term SFR not to include a washer, dryer, or refrigerator - etc, etc, etc), plowing/lawn/trash (or HOA fees), cleaning, extra repairs and maintenance (I promise that a long-term house renter takes better care and causes less wear and tear than a revolving door of vacation renters), turnover management and screening, etc, etc, you are not making any more with the vacation rental than with the long-term SFR where the tenants pay all the utilities (possibly with the exception of water/sewer), and take care of the lawn and snow, and provide their own furnishings soup to nuts.

total rent is $800 per month, but after i pay mortgage, taxes, insurance, management, money set aside every month for repairs, etc i end up with just $200 per month cash flow net.  i

In other words, if he stays clean (from pot), no problem.

The homes we are looking at, well we haven't been inside, but fingers crossed we hit a pot of gold and they aren't quite as bad as they look from the outside.:)Thanks @Shannon Peace.  

The net is I did some, but not much of the actual work this time, and netted over 110% of my investment in just over 7 weeks from acquisition to closing... and my wife now sees the ability to make some serious lifestyle changes (meaning she is fully on board - especially when one transaction netted over double her annual earnings).Im actively searching for the next project.

But the top guys are 200k + consistently (Net). I

I've always viewed this property as my safety net (I grew up poor and never want my family to fall on tough times).