Now before anyone suggests meeting with a realtor, getting an appraisal or looking at comps of recent sales to get a more accurate figure, I'm fully aware of those options. 

As for SW markets, ABQ is the "affordable" option as SoCal, AZ, and CO have become over valued making it difficult to find decent deals. 

I just feel I don't have a lot of options so I'm really conflicted on what to do.  

Try to narrow down your options to the top 3-4.

This devaluation of currency has pushed many potential first-time homebuyers out of the market, leaving renting as their primary option.

Something to keep in mind when you are looking for stabilized loan options for the long term. 

There is a drop down with lots of options and if you select "no central heat/air" you can't get insurance from most companies.

That said, I'd recommend focusing on locations with high sales volume as you will have more options to choose from in these locations.So far this year, 240 multifamily properties (2-4 units) have sold in the Bronx - Source OneKeyMLSThe neighborhoods with the most sold properties are:- Wakefield and surrounding North Bronx neighborhoods (31 sold in '24)- Throggs Neck and surrounding Southeast Bronx neighborhoods (31 sold in '24)- Pelham Gardens (30 sold in '24)- Pelham Bay (28 sold in '24)These areas account for 50% of the recent Bronx multifamily sales... focus here to have more options!

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

@Allen Wu- .25% rate difference wouldnt be  ample for mw to choose to use a 10 yr arm  versus a 30 yr fixed ....especially  if the proeprty will be a long term hold .....once rates  drop you can  always  look at rtefinnancing options ....make sure to  review all the rate / fee options ....the  more you are willing to pay in loan fee ( points) the  lower the rate you can get will be