Coffee is going to over personalize a situation where a person is MOST likely to use personal emotions against you.Late rent needs to be dealt with firm, fair, and expediently.

You're being outbid by either 1) other investors who are more focused on appreciation than cash flow or 2) retail buyers who are using way more emotion than fiscal analysis.Two things to consider:Look in other areas where there's a better relation between rents and price.Consider 5+ properties where the value is driven by income.

And last...avoid small coops as things can get very emotional...p.s - There are few coops which allow subletting from day 1 but they really hard to find...Came across some a while back in the UES and Inwood.Hope that help.

I am looking to a very quick calculation on every property in my budget and then if i need to look deeper, go with the calculator. 

He dug out the whole area much deeper, used real professional machines and laborers and it has been a dream ever since.

Deeper knowledge will always outweigh risks. 

So you will definitely have to be patient and not let your emotions get the best of you.

Your post sounds like you're just focused on the emotions of it, which are totally understandable, but you're busy blaming everyone else.

Sometimes one has to dig a little deeper than just the numbers imply.

Plus people criticize you and you place every day which gets emotionally tiring.There are not enough full service management companies doing a decent job.