Thanks for sharing @Dawn Brown definitely exciting news for the newbie investor on the horizon.

I'm currently trying to branch into doing deals virtually to expand my horizons and I'm experiencing objection due to that fact that I do not currently live in the city that I am marketing to.  

Say a Midwest property cash flows never appreciates and has far more depreciation due to weather...you'll likely not be ahead or even up in a 15 30 year horizon but in LA i bet you would see a much better net return on appreciation and others building equity and eventual better cash flows Just my thoughts

FL, NY, MD, CA, VA, NJ, Horizon Bank, Kalamazoo MIHuntington MI 75% LTV 5 yr IO product available.

If you have a longer time horizon, then certainly increase your leverage.Good luck.

However, it does depend on your time horizon and I would ask you to consider the supply chain issues that most BRRRR investors are suffering through right now.

You should be able to cash-flow a bit (not much after accounting for prop management fees), but don't expect the same returns (on a cashflow basis) that you would get in more remote areas or in tertiary metro markets elsewhere in the country.However, with headline inflation at 7% now YoY, I think buying real assets in a market like NYC Metro with a long enough time horizon is a great way to build wealth and to hedge inflation risk -- both from a price appreciation and rental income appreciation angles -- so a DUAL hedge. 

The city is changing daily with developments  peppered throughout the urban core and all the planned growth on the horizon for south of downtown.

I believe its with Horizon Bank.

It comes down to your investment horizon and the number of properties you hold.