Partner Driven was attracted to the Preston St property due to its potential for significant value increase with minimal investment.

Rent is $2200 in area.

When I look up this question on internet, it always says that in NYC, its the tenant who pays ...but in reality I am told that about half of Brooklyn listings are no fee (meaning that landlord pays) in order to get it rented fast.   

All under one lease and you should collect rent in one payment. let them figure it how to pay. 

@Neal Daftaryat existing rents, with property management, you will probably be significantly negative each month on this one. 

A fixer-upper, I fixed everything in this house as best as my finances allowed at the time and rented it for 20 years.

My tenant is not paying rent for last 3 months and I started eviction process.

The deal still worked at the increased price, but I learned that I need to increase my contingency on deals of this type.

The deal still worked at the increased price, but I learned that I need to increase my contingency on deals of this type.

If you had 25%, you would still need to borrow because you don't have 100%.Smart investing includes three simple steps: increase earnings, reduce expenses, and save.