If you don't have access to the MLS, you can pull that data on Redfin.

I've been looking at properties within driving distance of me, because I want my first investment to be easily accessible.  

Inner SE neighborhood, access to the new Orange line and Springwater corridor, it's a fantastic spot.

You're right, the info is out there, and accessible..

Did you have access to sufficient funds to complete the deal? 

Being close might help you before the sale, access, knowing more about his financials, etc...

Your paying 4.42% to have access to $28,620 dollars.  

Multi-Units frequently have a single metered water service and the LL pays water.City Trash (plus sewer fees if any) are also paid by the LL.Other expenses include:PMI (if you're paying this, you didn't put enough downpayment)Taxes & Insurance (if you pay PMI, then the lender WILL wrap these into your mortgage payments)mileagepest controlprofessional fees (CPA + City Business License)Legal Fees (Evictions & Collections)yard maint.telephone serviceutilitiesmortgage interestHOA fees (if any)repairsInternet Access ( a] if you provide access to the local carrier & b] lease prohibits personal accounts)

Also in this NYC market you have to look for properties that you can solve problems on if you're looking to get a discount, extensive renovations, problematic tenants, DOB violations, etc... and for those type of properties you will need cash or access to it.

I do have MLS access but the business opportunities provided over there do not have access to a lot of available gas stations.