However, I had to subordinate the sellers note to 2nd position (hint: set up that language in advance to streamline the process, if that's the direction you're going to go).Since the ARV was high enough, and the potential income would support the mortgage and expenses, it all worked out. 

I'd have to sacrifice my cash flow or cheat my operating expenses, or both, in order to make 1% work.

Lowe's just came out with their biggest appliance sale of the year- up to 40% off.

In the same token I go on the low end for rents to stay conservative.

I hear from a lot of would be house hackers who do not understand that the paying for the whole mortgage and generating cash flow with today's pricing, rates with a low down payment is just not possible and keep renting. but, that is missing the forest for the trees.

I know we have been positioned as the transgender capital of the US in large part because NYC is too expensive.   

It's on a Main Street (Perry BLVD), and it is on a bus line.About 8 months ago, one unit went vacant, and we can't find another tenant no matter what we try or how low we go with the posted rent.

@Alev G. the litmus test I use in exploring an area is incomes and population density.If the population density is too low and not somewhat close to an employment center it’s not going to be a Green light for me.  

House hacking with a low down payment is one of the easiest ways to start since you’ll live for cheap and build equity.

The numbers I have are from a profit loss statement it included all expenses and vacancies.