How are you valuing a property with negative NOI and what do you consider a "deep" discount?

https://www.cpwr.com/sites/default/files/training/...When I was 14 my dad bought a warehouse that had asbestos insulation in the offices and I remember removing wooden creosote bricks with my bare hands and breathing in the foot of dust when we were cleaning the warehouse out.

Yes I belong to one of our local investment groups but I have never invested and the rest of the group is too deep into other projects.

If you have deep pockets and want to speculate on appreciation then I understand why this may make sense in "certain" situations. 

Sounds like you need to take a deep breath and realize it's almost over!!! 

i would stay away from SFH as your first purchase. you are 100% responsible for that mortgage should something happen like you lose your job or something. a multi family gives you breathing room. one thing to keep in mind is the taxes...sure the Bronx may have higher prices compared to NJ....but you can find properties in the bronx with 2-3k annual property tax rates.....while Jersey has some of the highest property tax rates in the country. factor that into your math and not just the purchase price. 

not a great deal compared to buying 5 year term first trust deeps on performing rentals that pay 9 and 10% and you get paid off in 6 months then what .. no return.. until you find another deal so your drag on money turns your return much lower.. now if it was 10% or 7k over 6 months that would be something to think about.. but not an interest rate for such a short duration.

I don't mean to scare you away from investing, on the contrary, only suggesting that you dig deep.

Deep value businesses like Dollar General and McDonald's tend to do well when times are tough.

As an old boss told us once, 'you are standing waist deep in water complaining about how thirsty you are'.