My PM was my RE agent who wanted to strike out on her own, so this is only her second full time property all to herself, she is motivated.I purchased with 2 units empty, and one only paying $225 a month as he was supposed to be on sight PM. 

If not, it does not concern me as much as I am in it for the long haul, and even if I am out of pocket $100, or $200, or $500 a month on a property for a year (let's say), the totality of the benefits associated with owning that property for 15-20 years while a tenant pays it off for me and it appreciates by 75-100% over my strike price, along with the interest deductions that lowered my taxes, make it a worthwhile investment. 

I respect a husband/father who provides stability for his family over someone who may strike it rich but also may strike out and put his family at risk.The only thing I would recommend is that you 1st invest in your roth IRA (since you don't have a job yet), 2nd into your 401k up to company match, and 3rd into real estate.  

I always strike that.

Then reality strikes.

How old, policies, procedures, etc, all come into play.If you strike out there, you might call around to some of the local surveying companies (that may have been around when the property was built) to see if they might have been the ones to work on it... long shot, but who knows, maybe it's your lucky day?  

More important to avoid striking out.

A call option is said to be in the money when the purchase price of the underlying asset, or strike price, is below the market price of the underlying asset (plus the option fee if it is not credited to the strike price); the call is out of the money when its strike price is above the market value (again, plus the option fee if it is not credited to the strike price).

NY strikes me as a phenomenal flipping market in case your heart is not totally set on being a landlord.

You pick a project with your partner, they provide financing, you provide labor/expertise, since they'll have more "skin in the game" so to speak, they probably get a bigger cut of the profits, but you get in and out with much lower personal risk, get experience, and can rinse/repeat until you get to the point where you are comfortable striking out on your own, or just keep working with partners.