Avoid basing it on uncontrollable factors like taxes or insurance.

My net number is rental income minus expenses(3 mortgages, paying power bill at all three houses, property tax, insurance, internet in two properties).

At least now your tax basis is $220k ;-)  What was the extent of the repairs?

Taxes 10k HOA is 9k The current owner never did short-term rentals.

Sometimes hard to find this happy medium in rate sheets, though.Another consideration would be taxes - points are typically treated as interest, so if your tax obligations are high this year vs being higher in the future, then this could also impact buying down now vs paying a little more in interest in future years. 

@Brad Kanouse Using Traditional IRA funds for an investment property typically incurs income tax and a 10% penalty if you’re under 59½, as investment properties don’t qualify for tax exemptions.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

The property tax savings are going to be in the ball park of 40-60%, but to be safe you should double your expected repairs budget when calculating the NOI.If you have any other questions, or want a more in-depth response, I would love to help!

Because investing in NY real estate is a whole different game with taxes, regulations, and all that fun stuff.

Taxes, costs, eviction complexity, etc are going to be a much bigger factor in your success than anything else.