Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

STR seems to have better tax benefits (in the right market) but is it worth it at a distance ???

Avoid basing it on uncontrollable factors like taxes or insurance.

You will want to fully understand the tax reporting burden you will face. 

My net number is rental income minus expenses(3 mortgages, paying power bill at all three houses, property tax, insurance, internet in two properties).

From a tax perspective, you'll want to take what you paid for the property plus calculate the improvements you made to the property during your time of ownership.

Sometimes hard to find this happy medium in rate sheets, though.Another consideration would be taxes - points are typically treated as interest, so if your tax obligations are high this year vs being higher in the future, then this could also impact buying down now vs paying a little more in interest in future years. 

Also check and verify income (and proof of with paystubs and/or tax returns), verify rental references etcYou will want to have a minimum requirement for approval (such as credit score, income etc)  and state that in your advertisements.Good luck! 

Because investing in NY real estate is a whole different game with taxes, regulations, and all that fun stuff.

At least now your tax basis is $220k ;-)  What was the extent of the repairs?