Getting that first property is exciting—and yeah, NYC is no joke when it comes to price of entry.Honestly, a lot of people I’ve talked to in your shoes end up finding better opportunities just outside the city.

A majority of people who rent homes here have 100% equity in them so any rent will cash flow. 

I tell people all the time: if you can't find a quality PM in a market, don't invest in that market!

Hey @Dan ErmolovichSorry to hear you’re facing this challenge...evictions are one of the tougher aspects of real estate investing, and being out of state adds to the difficulty.

I am looking forward to connecting with people in the area and sharing wisdom along the way!

Hey @Francisco Javier Villanueva,Glad to see you looking for events to get out and meet the people who are active in your area! 

Lots of DC area people on here.

why do people pay $20m cash for a manhattan condo?

I think you bring up a good point of considering offering higher returns to investors if I have to begin to search outside of my network.But my original question from the post still remains, where would you recommend I search for people interested in an opportunity like this? 

There are a lot of people that are wanting to owner occupy, which has driven greater demand for these properties.