Ask an experienced real estate accountant.

Unfortunately, I do not have experience in this space; therefore, I hope to get guidance from an experienced NYC developer.  

Any experienced landlord here, can see what you presented and will clearly tell you its a problem.

We are learning so much, it is definitely worth just coming to this event and going through all the different scenarios a new or experienced investor may face. 

Are you willing and experienced enough to take on a rehab project or do you want something turnkey? 

Whole $ does not need to be "expensive", just the action of experiencing significant rent increases consecutively creates a psychological feeling of "expensive", even though the whole $ may be actually cheap in market whole $ sense. 

I see a lot of advice for beginners on how to get an experienced partner.

You can also check county records for filings on the property.If you have a relationship with an experienced investor, they may have the tools to find things that would affect title.

We are going through a contentious divorce and I would like to buy her out, but apparently thats not very easy.If we sell the properties our gross earnings will be about 300k, while our net earnings will be around 150k, due to capital gains, depreciation taxes and realtor fees.My lawyer, who is not experienced in real estate investing, says I have to buy her out based on gross earnings, so I'd owe her 150k.

What are the pros and cons you've experienced with each rental duration?