Hi @Kai Van Leuven, I think that you have asked a very insightful question and you have highlighted a number of things to consider. 

I think what this post has correctly highlighted is that there are many options out there.

If it is in a good school district, highlight that. 

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highlight=50%%20rule.

Everything in NY is expensive, but this conversation definitely highlights other considerable factors to weigh when purchasing in a major city.

Pretty much every book you pick up on REI will highlight this point.Obviously, the financial barrier is much higher in the Bay Area vs a mid west city. 

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I am trying to create some kind of a physical guidebook for the property that would highlight and explain the property features as well as some local area attractions.

Preapproval letters the way I do them consist of 3 pages (buyer's agent can use whatever of this they want)...Preapproval letter.Flier highlighting all the pesky FHA stuff not applicable to it.