And they have a few branches conveniently located.  

I have not found a single family house but would look to spend around $350k with a 20% down payment.The multi family house I have found and am considering purchasing is a duplex that is outlined below:Asking Price: $500,000Loan DetailsDown payment: $100,000Loan Amount: $400,000Interest Rate: 4%Loan Duration: 30 yearsRent RollUnit #1: $2,500 (owner occupied)Unit #2: $2,000Annual ExpensesTaxes: $17,500Insurance: $2,500Other: $12,000Capital Expenses: $40,000The duplex is located near NYC, one block from the train station so it is both convenient for me and should be no problem to rent.My questions are listed below: At what purchase price does this duplex make sense for a buy and hold strategy?

I just wish I could write off my gambling loses when I go down to vegas, but the CPA says that won't work.  

I imagine those that deal in prostitution, stolen merchandise, fake merchandise and illegal gambling may also launder their money.  

He called her to set up a mutually convenient appointment, and it was booked for nearly 2 weeks away.  

It was very convenient, and allowed the applicant pay the background check fee directly through the system.

If they plan on renewing they get the convenience of new AC if not you can install the system during your vacancy and your new tenants can just sign a lease for a higher rent (for the AC upgrade) assuming your market commands it.IDK what how big your units are or the building but if they are small enough and space is limited you might consider a Mitsubishi split.

I will say, NJ is a gamble with crazy property taxes, but there are loads of people making it work.

In Southgate you are conveniently located in the same community where the Wayne County real estate investor association meets the first Tuesday of every month.  

Unless you think it will appreciate big time (always a gamble but hey, we all have our methods.)