The plan is to make it a cash flowing HipCamp.

I'd have to sacrifice my cash flow or cheat my operating expenses, or both, in order to make 1% work.

Instead of jumping into an expensive Long Island market with negative cash flow, consider investing in a Texas market like San Antonio, Houston, or DFW suburbs—these areas offer strong rental demand, lower property taxes than NY, and better cash flow potential.

The key is to standardize property quality and management systems, which would appeal to buyers seeking scale.If you’re thinking long-term, holding these properties for cash flow while leveraging local appreciation is also a strong play.

Need to keep that cash moving!

@Zoe Brennan I started with $3K cash and $8K in credit cards. 

Purchase price: $255,000 Cash invested: $100,000 Single family residential home in A Class neighborhood.

Most people will sell you on the upside—cheap properties, high cash flow, and a growing city—but they conveniently skip over the challenges.Tenant risk is real.

I tell everyone this, New York is one of the hidden gems of investing if you know how to play the New York game.

And would they be willing to do financing for you so you don't have to pay cash up front?