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

so again in my initial example: Starting with $3000 in debt/$10000 in income(30%DTI)...adding a property that PITIs $4000 and gross incomes(after 75%) $6000...you are telling me that you add the difference only to income, or debt if its not cash flowing?

I have a 2.1% 20-year fixed on my primary residence so I would not consider a cash out refi. 

Purchase price: $184,000 Cash invested: $92,000 This is an international investment in Split, Croatia NOT Santa Barbara, California.

Becca, the strong play in the Bay Area is value add.

I figured if I get a decent deal on a turnkey property that has at least 3 bed 2 bath I can prob rent for 2k a month give or take depending on the amenities and make decent cash flow. anyone else have any experience with renting single family rentals in this area?

Purchase price: $424,500 Cash invested: $20,640 I purchased a small detached duplex that I plan on moving into one and keep the other as a rental.

Purchase price: $75,000 Cash invested: $95,000 Bouight this 6 units with owner finance.

Purchase price: $320,000 Cash invested: $425,000 Sale price: $445,000 Just missed the market by 2 months on this one.

To analyze deals efficiently, focus on key metrics like cash flow, cap rate, and expense ratios—make sure rental income covers mortgage, taxes, insurance, and maintenance while hitting your 6% cap rate target.