What was the outcome?

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

I actually had come across your post below in the Events forum and thought to myself it would have been nice to attend that to see first hand a local flip and talk shop about the process.https://www.biggerpockets.com/forums/521/topics/1215682-chec...I am happy to hear that someone with your experience in the region feels that Westchester is a market with some potential.

The calculation uses the following formula: Total Rent Potential x 75% ≥ PITI (plus HOA if any). 

Depending on what the potential jobs offer in terms of income, does this seem like a realistic strategy?

If you need some connections, I run the most active group of small landlords in the city and have a network of connections that you could potentially leverage.

Attend real estate meetups and networking events in your area to connect with potential lenders and other investors.

This signals long-term appreciation potential.

So we don't even have an approved inspection much less a lease with this potential tenant.

While OZ investments offer significant tax benefits, assess property risks and long-term potential beyond the tax savings.This post does not create a CPA-Client relationship.