Michael S. well.... the 360 was my first bike... i tried to get it right...failed... decided to finance the bike of my dreams... life had other plans... sold the bike of my dreams... i am back to my original plan of fixing up that 360... is that a 360?

@Paul Timmins is right in the greater NYC area join more than one.Read Bigger Pockets till your eyes bleed, Try to figure out what ONE or TWO methods of investment will work best based on your strengths.

Know your selected market(s) well and know the best locations within it.  

Hi Steve,Being a former business owner, one of the 3 I owned was bleeding serious cash and I made the mistake of hanging on too long.

It's bleeding you dry.  

CAP rates are all over the place in some markets and the affect is bleeding into the lending aspect.

If I can't get the building running to capacity, then it will start to bleed due to the fact that the margins are lower however at capacity it should yield about $138 per door per month.  

When you start bleeding money, it does not matter what you paid, it only matters how long you can keep losing money before you default.

I have seen too many military members bleed cash for years hoping that appreciation will bail them out.Look at this calculator: https://www.biggerpockets.com/buy-and-hold-calcula...  

If you're able to charge top of market 1800 you're able to give yourself some cushion and actually save some money from this property instead of bleeding into it every month.- If you sell the place, you need to consult an accountant about how depreciation recapture will affect your tax bill and plan accordingly.