From my preliminary research I have determined Jersey City and Yonkers to be the best cities for cash flow within 30 minutes of Manhattan.

@Hattie Dizmond Thank you for this comprehensive analysis - if you don't mind, I'd love to have a conversation and pick your brain about areas with good potential to look into in DFW. 

My concerns are as follows:1) Insurance claim will take a bunch of time and they will deny it since they do not know the origin, when it occurred, etc. 2) In their review process, they will determine an 'overkill' level of damage that I will need to repair, and then deny the claim anyways for whatever reason.

You can then run your numbers based off that sale price and determine if the deal is a winner or not.

Any interruption of Tenant’s use and enjoyment of such appliances shall not constitute “constructive eviction,” nor form the basis for any defense, set-off or counter claim by Tenant.Tenant agrees to pay as additional rent an amount of no less than $200 per visit or the actual cost of service invoiced by a third party plus $50, whichever is greater, if a tenant-initiated service visit is performed and the request is deemed to be frivolous or without merit.Charges for service/repairs performed where the tenant has been determined to be liable/at-fault for such charges by [Landlord/PM] shall be due and payable in full upon the next rent due date as additional rent.No smoking is permitted on the premises, including outdoors within the property's limits.

Please pick one and use the lettersA= CashHomeBuyerMI.com B= MIHome cash buyers.com C= We Buy MIHomescash.com D= WeBuyHomesinMI.com 

Your broker/agent needs to determine the spaces highest and best use which may or may not be the way the interior space and exterior is currently laid out and designed.The question then becomes can you convert and invest the cash to the highest and best use and still make a good profit all costs considered?

@Mackaylee Beach - I am out of state and mostly in Cincinnati with 64 units, but when i was picking a market, Kansas City was on my short list.

To determine cash flow I always subtract the following from my Gross monthly income: Insurance, vacancy, maintenance, mortgage, management, taxes, utilities, capex.  

It depends what you mean by live off of or how much money you need.As a general idea to make 100k per year requires roughly 800k-1.5M of invested capital.So if I was your friend I’d pick a cheaper market than Austin but that’s just me.