We have all sorts on members ranging from extreme newbie all the way to investors with a decent portfolio.

Curious of everyone's thoughts, we weren't planning on a vacation home for another 3-4 years but if that's the case I think we'd be crazy to wait.While I must admit, I have not read any of the other posts (I'm exhausted from grinding + having 2 kids under 4 in a tiny apt), so this may have already been touched upon.Out east, the rental market has gone crazy with people trying to escape NYC. 

You're also going to have an EXTREMELY illiquid asset.

Seller is extremely motivated

@Jerryll Noorden Extremely valuable information!!

You can still use the existing chimney for the gas hot water heaters to exhaust, if you use gas for those, and it should be big enough to handle three of those (typically 40K BTU per HWH so 120K BTU total which should be within capacity of that size of chimney).

Hey @Adah None,Your main issue is that you are using a BRRRR purchase standard for an on-market property in an extremely competitive market for investors.

It really should all be done in-house and be extremely passive.

The issue is that they charge an extreme amount of money for it.

You can't let emotions rule the day, but you shouldn't ignore them either.In closing, I'm not crazy experienced in this, but I feel like I'm learning extremely fast.