In order to past this SS test, your appraised market gross rental income at 75% has to be more/equal to your monthly mortgage payment (PITIA).

You will be able to find a co-op apartment that allows rentals but whether you'd be able to close on it is another question.Co-ops with poor financials will have trouble selling units to borrowers using a mortgage.

Your anonymity is blown if you as manager/member of your WY LLC sign a mortgage ... i.e. get a loan.If you own property in a revocable trust (land trust) with someone other than yourself as trustee you can achieve anonymity, since that trustee will sign the mortgage.

Yea thats what i have found out. but i have a hard time scaling since im not able to cash flow. it becomes difficult to keep adding more properties when you have to cover the gap in rent vs mortgage. 

This will lower your monthly living expenses while your tenants help pay down the mortgage and the house appreciates.

If the rate is reasonable then it may make sense to try to save fast to get to the 3.5% down payment on a double or triple - househacking may allow you to increase your savings rate and pay down that loan even faster.As for estimating costs, closing in NY factor at least 1% of the mortgage amount for tax, plus $1500-2000 for lawyer, title and fees, then the amount required by the bank for escrow will depend on the actual property taxes and insurance.

Unless you need them installed for mortgage appraisal, recommend:1) A price reduction or 2) Small price reduction for installation labor and have someone pick up & store the mechanicals the seller provides.Otherwise, they will just get stolen again!

I have a mortgage connected that, for some reason, reports it as an escrow balance, throwing off my balance sheet. 

I got my first one with a 5% down while the tenants were covering almost all of my mortgage.

Currently I have a mortgaged Duplex.