You've only owned it six months, so you probably haven't dealt with vacancies, maintenance, or capex, but you should be setting money aside for those things.Your partnership agreement (if you have one) should address exit options.

The great thing about living in a high cost of living area is that your salary / wages are hopefully also very high.If you are a new college grad, I would focus the next 1-3 years on increasing your salary as much as possible(gain new skills, new certifications, change employers, etc).Once you make more money, you can easily get in a position to buy a property on a more frequent basis.Best of luck!

but it's not a mailbox money / cash flow situation.

You’re paying big money to target people who explicitly want to hold on to their homes, all in the hope of convincing them to sell.

Earnest Money DepositAnd if you want to cover all your bases, you can also consider saving for an earnest money deposit (EMD).

You are a kid and it will be hard to understand exactly what you are asking, where are you getting your money from?

Typically, the initial upfront for the rehab is either cash or a high interest loan (hard money or private). 

New York is hard to evict people and you'll end up spending more time and money doing it yourself.

Sub2 needs to be viewed like Hard Money.

Through this journey, I’ve built strong relationships and developed valuable expertise in:Researching micromarkets and identifying comparables, potencial Accurately estimating construction or remodeling costs.Securing fast and reliable financing through partnerships with two top hard money lenders in Texas, offering competitive rates.I’m on this platform to connect with capital partners who are seeking an annual ROI of 12%-15%.