My latest blog - linked here  "UNDERSTANDING FLORIDA'S EVICTION PROCESS AND LAWS"  provides a comprehensive guide to understanding the legal requirements, timelines, and steps involved with Evictions in Florida.

It is easy to provide well-intended 'bad' advice.My questions to you would be... 1.

Like someone else said very well, invest inopportunities, not in a particularasset or strategy.

Worked well with his days off.  

Based on the numbers you provided, these are well above the debt service coverage ratio of 1.25 hence from a lenders perspective, this is loanable.

More than likely you would need to give up around 70-80% of equity and own a minority - some deals would allows you to buy it back at a set price as well. 

So, not really passive.Investing in rReal estate offers a lot more control than investing in stocks, but it also requires an investment of time to do well.

You will find that some real estate professionals are well versed in investor real estate and others are not.

I'm sure a lot of other people would in this group as well! 

Let's of NYC investors look at other cities in NY, Rochester, Buffalo, etc... they can drive to them to see them, and they know the state well enough to feel comfortable.Most of the rust belt cities in NY offer cash flow as well.