As opposed to another property in the 60-80k range that's not as nice rehab wise but is in a much better area that is known to have medical job types that would still have decent cash flow.

What is typical range of commission paid to real estate salespeople from brokerages in nyc? 

Quote from @Sunny Karen: For the areas that you picked what price point and rent-to-price range do you target?

Offers range from 30k to 40k per year.

but once a policy is in place and there is sufficient cash value then credit is of no concern and it's yours to leverage how you see fit.As for the $20k that can absolutely be sufficient to flip a property or help flip a property.

It must be legitimate business with earned income, LLC with rentals would not be sufficient since rental income is passive. 

My portfolio ranges from 100-500k per house.

I’m not sure if they will cash flow, but definitely can find homes in that price range

It is not an exact science but you should be able to in the right range

Hello,I own 100 properties mostly in the 150k range.