The hyped up rents that new amenities laden buildings reached in 2015-16 was somewhat fiction, as people got more practical in their approach.

I dont know the Queens Village area that well but I know homes are expensive here in NYC.Do you plan to wholesale the property - figure out what it will cost to buy it, rehab it and then advertise this information to potential buyers.

After purchase, The roof leaks, I contacted the village to get the information of the contractor and  they informed me the roof did not pass inspection and the roof ridge lines are collapsing and certain areas of the roof need new decking and the shingles were not installed with underlayment.  

I would like to walk you through my analysis to see if I am doing something wrong with my numbers.Property: Duplex in San Rafael ST, South of Edgecliff Village in Fort WorthAsking Price: $155,000Down Payment (3.5% via FHA): 5,425Loan Amount: 149,575Loan Period: 30 yrInterest Rate: 4.38%Monthly Mortgage Payment (using BP mortgage calculator): 747.24Income:Unit A --> 695Unit B --> 89550% Rule:Cash flow = (Income)*50% - (Monthly Mortgage Payment) Cash flow = (895) *50% - 747.24 = -299.74** This computation was made only leasing unit B and living in unit A (house hack).A few thoughts regarding this analysis:1.The schools surrounding the area are below average schools (according to greatschools.org).2.I am not including the monthly taxes, nor the monthly insurance in my analysis (I have not searched for this information.

5)Going into these flips and not knowing all the possibilities of what is exactly wrong and hiring licensed tradesmen and pulling permits with the villages then being told you have to also upgrade this, and this is wrong etc.

If 150K or so is your budget, I'd try to find something in Little Village, McKinley Park, Brighton Park.  

Even though Prestige Worldwide is legit, I would still hire the fictional Brennan and Dale's Prestige Worldwide before I'd hire Aftermath.

hey guys im looking at a single family in the wildwood community of village mills.

Where is the property located, what village/town?

I purchased a 3 unit in reservoir hill, but was also looking in Bolton hill, Charles village, and federal hill.