If you look at the large vibrant cities, this is a common problem- Manhattan's median apartment price is about $1,200,000, and the median rental rate is about $50k/yr(culled from various sources.)

We bought a 3rd one in all cash deal in September 2019 before Covid and definitely expecting to cash flow less in 2020 than originally modeled.On a larger scale, a friend in manhattan real estate met with a few bankers and tern sheets for hotels are being pulled, no financing.

Another major factor that helps keep expenses low is I avoided student loans by getting a full ride from merit based scholarships by being a nerd in high school.A lot of my friends (with what I assume are similar paying jobs) are renting nice apartments in trendy areas, buying large houses in the suburbs, getting nice cars and shiny objects, going on what I consider to be lavish vacations, or the biggest financial killer of them all - moving into Manhattan. 

Your realtor is looking for a sale and nothing more.Markets like LA and Manhattan are appreciation markets where investors don't make cash flow a top priority and even they net 5-8% COC year one.

I hope that your area is fairing better than the Manhattan area.

My name is Nick and I am a CPA living in Rockland County, NY and working in Manhattan.

I know several buildings in Manhattan and a handful in Brooklyn. 

Look at an area like Manhattan in NYC.

I'd still rather work this out cordially as adults but I'm thinking he will force me to take more drastic action - we shall see.EDIT --- Jimmy - now that I'm thinking about it - do you think my answer lies in Calling up to Ft Riley by Manhattan? 

Or creating some kind of large fund and then selling that fund .There has always been the same amount of land in Manhattan since people starting building and living there but there is still new building going on.Fortunes have been made in healthcare , agriculture , oil and energy but the barrier to entry and specialized knowledge seems a lot higher than real estate .