Originally posted by @Elizabeth Enlow:Thanks for all your replies so far! 

Ps property is located in Jamaica Queens ny and is single family.

I have closed scores of transactions in Queens and the Bronx of two family properties in the $600-$750,000 range. 

Apparently, everyone wanted a Dairy Queen.

View interactive map displaying SFR returns in all 375 counties analyzed.Rental yields decrease in 57 percent of marketsMedian sales prices for single family homes rose faster than average fair market rents in 213 of the 375 counties (57 percent), resulting in declining gross annual rental yields in the same percentage of counties.Counties with the declining gross annual rental yields included Los Angeles County, California; Cook County, Illinois, in the Chicago metro area; Maricopa County, Arizona in the Phoenix metro area; Miami-Dade County, Florida; and Queens County, New York.MethodologyFor this report, ATTOM Data Solutions looked at all U.S. counties with a population of 100,000 or more and with sufficient home price and rental rate data.

I recommend Michael and Elizabeth Chang, Robuilt, and TJ Tijani, as they have all done rental arbitrage which is what you're asking about.

My team and I are looking to purchase in Brooklyn, Queens, Long Island and the Bronx.

In regards to your office, can they provide listing in the Queens, NY area?

@Elizabeth Wilson  War Eagle!

I've looked in the Elizabeth NJ area but taxes are really bad.