Ok so its harder but not impossible to get good tenants.

Real estate is one of the most powerful wealth-building vehicles—but only if you know how to play the game. 

Hey Matt,I believe in real estate as a long term investment vehicle.

@Preet Oberoi - that really is basically impossible. 

I'm assuming you are maxing out your retirement vehicles.

It is difficult (though not impossible) to make condos pencil out for a positive ROI is tough (but not impossible). 

So it could take a decade to get to todays market rent. 2) it’s almost impossible if not impossible to non-renew a tenant, especially if you’re not an owner occupant. 3) As a seller, even if I could remove paying tenants I never would without a non-refundable payment from a potential buyer that covers all vacancies for 6 months if they fail to complete the purchase. 4) You MIGHT say as a buyer that’s worth it.

And, factor in the depreciation and other tax benefits, deductions, home office, vehicle expenses, etc. 

Why did you add vehicle information?

Westchester, although one of the hottest markets, has a ton of upside with opportunities for both cash-flow and equity. 2-4 family properties in Westchester are the 2nd most affordable in the NYC Metropolitan area (next to Suffolk County) making it easier to find cashflow opportunities when compared to the boroughs and other suburbs like Nassau.A client of ours in Westchester recently purchased a < $800K 2-family with a detached 3-car garage which brings in additional rental income - from a local business owner with commercial vehicles.