You are betting too much on the refinance portion if you try to BRRRR with hard money.

I am betting for the appreciation of the house in the next years because I don't think I can cash flow in the first years.  

If you don't want the property any more a 1031 is probably your best bet, unless it's got a huge capital gains capture in which case you could just take your tax lumps and collect your funds. 

Good Evening @Abel Curiel, I'll for sure dig a bit deeper into Suffolk and Westchester in my mind I did not want to wait that long to save up $50k, but maybe it is the smarter/safer move to be patient so I can have a strong basis for my portfolio.

Here's the bet: - "Unemployment" is not about to shoot up.

Of course, waiting is safer.

The buyer pool is beyond flakey..Your best bet is a local investor.

If you want passive just invest in VNQ and withdraw x% in addition to the dividend vs getting pure distributions from a private reit, much safer. 

Some use very specific goal setting metrics, some use more general goals, there is no right answer for every person, but I am willing to bet that those that set some goals will be more successful in the upcoming year than those that do not. 

@Devin James My bet is on that they close.