Hey @Yoel Peyamipour - I'm a broker and investor in NYC and come across deals in the Bronx often, but don't have anyone buying there actively. 

With 15% in my market you are looking at you could probably buy two properties off the bat and they should cashflow you conservatively 2k a month, could be up to 3k.

It's very affordable and will save you time with auto messaging, channel manager so you can list on Airbnb and VRBO, and some light task scheduling for cleaners and handymen.

@Roy Oliphant, was it property you already purchased at auction, or one you wanted to buy from state?

However, the BRRRR strategy (buy, rehab, rent, refinance, repeat) makes sense for a lot of investors, as value can be created through forced appreciation (renovations) and capital recycled through cash-out refinances.

Investment Info:Single-family residence buy & hold investment.

Duplex can always add additional units via the ADU laws. 8) Related to number 1, purchasing a property with an existing ADU is cheaper than buying a property and adding an ADU.

Thats why someone wouldnt buy your house and rent it back to you for less than they are paying for a mortgage . 

I'd avoid buying anything in Lawrence Township because the judge there does not like evicting people for non-payment of rent.  

FHA requires the work to be done in 6 months or less.In order to buy a home as your primary residence in another state, you'll have to show proof that you have a job in that state or that your employer is allowing you to work remotely.