That’s the very simplified version but raising capital is always your biggest limiting factor so the more investors you can connect with the better. 

Consider the family who’ll eventually live there..maybe they’ll appreciate a second-floor deck accessible from a common hallway, where everyone can enjoy it, rather than limiting it to a single bedroom.

In your earlier post, I'm confused about why you felt the need to pontificate about the downsides of withdrawing 4% of your retirement portfolio on a periodic basis.

Closing Costs – Remember to factor in refi fees and how long you plan to hold the property to determine if refinancing will save you money overall.Since you mentioned owning the property for only a year, your equity might still be limited, impacting your options or leading to higher costs.

Don’t limit yourself geographically.  

If you don't want the headache of management that is fine but will limit your options. 

Given your residency limits, the high prices in NYC and surrounding areas are a challenge, but there are still options in neighborhoods further out within your allowed range, like parts of Queens, Brooklyn, and the Bronx.

However, with limited cash available, you’d need to ensure the return justifies the upfront expense.

Some investors like having each property in its own LLC to limit risk, like if something happens with one property, it doesn’t affect the others.That said, managing multiple LLCs can be a hassle and add costs, especially with only a few doors.

I'll give you 30 seconds to withdraw your bids".