If you think it might help to talk more, just give me a shout... always happy to help a fellow investor make sense of things.- Jasper / Pat AboukhaledTurning investment visions into reality in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC

I personally like long term rentals, but it sounds like the numbers don't make sense and if you cant afford to or can't justify covering that much negative cash flow then another strategy is renting by the room, that works well if you have or can convert to at least 4 or 5 bedrooms. 

When it gets to investors like me, I am not here to pay what an appraisal shows I am here to make it make sense. 

Discussion forums to my understanding should create a sense of belonging among individuals with shared interests, providing a space for collaboration, support, and professional or personal connections.

It makes a ton of sense.

However, I have attempting to understand the full value of this for some time now having found myself investing in rental property with purpose and getting started educated on how I can make the money I invest work for me better.I read your post a few times, it all made sense, but I lose context on this paragraph, where you mention you take out the 80 +30k (this is invested for 30k as downpayment, and the 80k after the closing (of your own money))?

You'll have 100% equity and can live off the cash flow the rest of your life.I think this makes a ton of sense. 

Keep in mind the other homes on the market may all be over-priced at the moment, which is why it's important to watch the market regularly and build a strong sense of what it's doing.

Detroit streets are paved with the bones of bankrupt investors that said "It made sense on paper!"

It goes deeper than that.NYC Liberal policies, including strong tenant protections, increases the risk of failure so much that the risk far outweighs the rewards.Financial ruin is just around the corner for the small Mom and Pop Property Investor that it doesn't make sense for them.The Tenants will have free Attorneys that are bent on delaying eviction cases so long that it stretches into years while Mom and Pop suffer from lack of rental income and still have to pay all the bills and do the management.Additionally, the increase in homeless living rough in the streets due to Sanctuary laws causing a lack of shelter beds, then evicting shelter residents after 30 days creating more homelessness, policies that tie up the Police's ability to arrest perpetrators, etc. only causes Mom and Pop to sell out at large discounts to larger Landlords who are capable to use Economies of Scale to eek out a profit.These larger Landlords will eventually turn a much higher profit as the pendulum will eventually swing towards the middle when the NYC Voting population eventually realizes that it's not a conspiracy of the Rich that's causing the Wealth Gap to increase.It's the same liberal laws that encourage people to become lifelong tenants, small Entrepreneurs (including Property Owners and small Mom and Pop Businesses) to be destroyed, and Rents to rise astronomically as housing becomes scarer even when the population declines by as much as 7% in the last several years.