There are certainly cheaper properties the further away from Manhattan you get, however I am particularly interested in staying close to Manhattan (1/3 because its still appreciating despite the market everywhere else, 1/3 because I live in that area so that makes PM easer, and 1/3 because a 20 mile drive here could mean an hour or more because of traffic), so maybe I am just being to picky...

I have a lot of renting friends, but most of them live in the hermosa, manhattan, and redondo beach areas.

The average price of a condo in manhattan is around $1 million.Also, I don't know how realistic wholesaling in NYC is giong to be.

All good answers, but I'd have to go with the folks who bought Manhattan from the Indians

This is mostly a book written by someone that was a real estate writer for the New York Post for a while, tried to become a flipper, became a broker, and has a bunch of cute little stories to tell you about Manhattan.

In markets like Manhattan and Brooklyn for example, this does not work nor does it work in any of the (non-declining) major cities I canvas.Thanks for your reply…as I am getting more firm in my decision to walk away.

Marko, Did you just say that Manhattan and South Beach were "hot" markets?

I was very heavily invested in apartment rentals in Manhattan when a opportunity called with a old business associate of mine.

Dan Horwitz, Madoff's lawyer, told reporters outside a downtown Manhattan courtroom where he was charged, "Bernard Madoff is a longstanding leader in the financial services industry.

When I post a property through my brokerage's back end systems, it goes on the MLS (or the Manhattan equivalent), and then that syndicates out to dozens and dozens of other websites, including Zillow, Trulia and Realtor.com.