If you don't mind ghettos and cheap properties in declining areas, your supposed cash flow may look great but your risk is tremendous.

Congrats on taking your first steps to getting into the real estate game.I run a meetup here in Pittsburgh where we have many people (investors, agents, contractors, etc.) come each month that would be able to provide you tremendous information in-person.

My wife and I are experienced with LTRs in town, but given the location of this property we think there’s tremendous potential in the short and medium term market, we just don’t have the experience/data to know if the juice will be worth the squeeze for furnishing the place.

As you get into larger multi family properties I feel there is tremendous risk in the market the few acknowledge or understand.The best way to learn what is best for you is to get out in the market and look at lots of properties and lots of neighborhoods, from the bottom to the top.

@Brandon Vukelich is a guy who knows a tremendous amount about RE and is a great resource!

Any suggestions would help us tremendously thank you. 

If you're starting your first post college job I'm guessing your salary won't be large enough to incur a tremendous tax bill.

Tremendous responses, wow, thank you all!

Research the process for NYC specifically, you can potentially come up tremendously on a property given the cost there in Gotham.

There are many great members here on BP who are tremendous resources of information and will help you greatly.