Let's of NYC investors look at other cities in NY, Rochester, Buffalo, etc... they can drive to them to see them, and they know the state well enough to feel comfortable.Most of the rust belt cities in NY offer cash flow as well. 

How did you find this deal and how did you negotiate it?

Watching said plan unfold is just incredible.How did you find this deal and how did you negotiate it?

So, your focus may need to pivot from high rental cash flow to little to no cash flow as a rental with an appreciation upside.I would recommend taking your $150K to $200K and securing a solid equity position in something that will cover its expenses and maybe provide a small cash flow, but then is poised to appreciate nicely over the course of the next several years. 

If you are looking for cash flow, I would look at a 4-plex.

they say - "where's my cash flow? 

Purchase price: $240,000 Cash invested: $60,000 I purchased this duplex in distressed condition using owner financing for $240K and secured a $60K hard money loan for renovations.

This is what the buyer said.1: We agree to sign a deed in lieu at closing.

Best of luck as you move forward and I look forward to finding #5 for you soon!

I have some brand new homes in Phoenix that cash flow with 25% down.