Compared to Jersey City or Westchester, taxes are considerably low compared to the price and income.

Prospect Heights, Park Slope, etc...I realize there is already a group that meets regularly in the city.Thanks!

I think it would be a couple more weeks, so timeline is good.The property is in Lellman Heights (Lealman?).

I am relatively tall and hate those bath vanities that only thigh height.

If this deal is debt constrained, a 25 yr am will change your loan proceeds (your down payment will need to be more to meet the DSCR) considerably.

I own a PM company and a considerable amount of rentals (some I manage & some I don't & some out of state), land, vacation rentals, etc.

But I would never put a tenant in my Lease Option without the option consideration or option fee, whatever you want to call it.

Really good points to take into consideration.

. - I have taken 3 loans from my TSP (401K)- I cashed out my Roth IRA, twice- I bought three homes using low down payment mortgages and lived in them as my primary residence (FHA 3.5% and 2X Conventional 5%)- I used the BRRRR method and did a cash out refinance to buy another property- I saved every extra penny for years for down payments- I took out a HELOC I have experienced considerable appreciation in some of my earlier purchases and I am looking at doing a 1031 exchange.At the end of the day, I found out that I wasn't nearly as limited as I originally believed.

@Priscilla Wong Depreciation as a tax break is another consideration that can dictate  the direction you go here.