Cash flow is crucial, especially if you depend on it for your monthly income.Selling the property for $170k, which is above its market value of $120k, might seem like a good deal initially.

Quote from @Mo Karim: How are the Milwaukee burbs market?

I have been part of a regular meetup for a couple years now and it definitely helps ground you in your local market.

As the market evolves we've intensified our commitment to helping investors focus only on listings that are eligible for vacation rental usages and either; have exceptional existing production or high potential for rental performance.

How much weight do you give to the cash flow benefit of cheap debt when the property is priced above market?

Every market will vary due to labor costs. 

Most inspections are exterior only so insurance is going off of insured/agent application and any visual cues such as an outdated electrical meter.Also, while it's been difficult to insure these things for many years now it's gotten tighter over the last 5 years in this hard market.

I chose to invest in 1272 Lakins Rd, Etna, due to its potential in a growing market.

Your contractors, staff, and the financial markets will create challenges. 

Hey Andrew,  NYC real estate is such a fascinating (and sometimes crazy) market, and I'd love to help you dive into it.