@Logan RheaReasonable budget for a cosmetic only renovation of that size.

Hi Ethan, I would not entertain the idea of getting more money from this tenant in order to potentially increase your cash flow. 

Lots of good information and entertaining too. 

With these deals you have to risk some capital and thats where I find the average investor especially here on BP that is very much rental ( IE has to cash flow day one ) simply will not entertain these deals.. you also have to be willing to walk from 50k or 100k if it turns against you..  

I’m from the NYC area, but the prices here are out of my budget. 

We’ve been actively investing in the Upstate NY region, and I’d love to share some insights about the local market, especially areas like Albany, Schenectady, and Troy/, which can offer great opportunities for investors.In terms of your budget and goals, there are definitely deals in Upstate NY, and with the right knowledge and strategy, it can be a very lucrative place to invest.

Eliminate debt, establish a budget, and save.

We are budgeting for no rental cashflow so see upside if we can STR and additional upside when rates eventually and hopefully drop down for a refi.  

Eliminate debt, establish a budget, and save.

There is almost no scenario where a condo would ever positive cash flow while servicing debt, and very little positive cash flow with no debt.If your budget only allows for a condo, find a better place to put your money to work.