I'm buying a property directly from the owner. 

While the 1% rule is not commonly met in New York, you can still use the formula to get a sense of which areas will allow you to reach positive cashflow more quickly and abundantly.Long-term thinking goes hand in hand with buy & hold rental property investing.

Use this to your advantage by identifying potential investment properties, such as undervalued homes or areas with strong rental demand.Start with a Clear Strategy: Whether you're interested in flipping properties, buy-and-hold, or rental properties, having a clear strategy will help guide your decisions and keep you focused.

I've been doing some research on buying first rental property in Port St Lucie Area. 

Unless you are in a vacation area, I would never buy a STR that does not work as a LTR.Regarding another pandemic, we have one like every 100 years, so I am playing the odds that we are not going to have another covid lockdown situation anytime soon.

My plan was to put down 35% while she would cover the remaining 65%.However, the seller has requested to be in escrow for 45-60 days so that he can complete a 1031 exchange and use the proceeds to buy another house within that period.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Any recent investors buy in the area?  

Hi y'all, we are buying a 4 unit investment in Chicago for 430k, conventional loan with 30% down.

You can read all the books and listen to all the podcasts, but until you know other real estate investors, you will not buy anything and not move forward.