@Richard C.I can appreciate your concern for the seller, but I don't appreciate your negativity... it's a better use of your time to motivate newer investors, versus providing destructive criticism.

So, from these numbers it’s clear that the PMI, low rents, and somewhat low (10%) down payment are reasons why the cashflow is currently negative.

I don't mean to be negative but I also don't want to just blow blue sky up these folks skirts..

@Loren Whitney  & @Dmitriy Fomichenko .......From what I am hearing you guys say about depreciation within a SDIRA, it sounds like (I could very well be interpreting it wrong too) that IF a person was to use leverage within the SDIRA, that somewhat or mostly negates peoples argument 'that there is no benefit to hold real estate within a SDIRA' (meaning no depreciation benefit).

I agree on the fact I'd be break even (more than likely I'd be negative cash flow).

You do have to either be military or family to have an account, but it's worth it for those who qualify.One negative is that closing takes 45-90 days (at least according to their loan agents).

My home is incredible and the only negative I am hearing is its too big!!!!  

As a disclosure, I'm living in West Africa (I'm a New Englander) and serving with the Peace Corps, so I am getting constant updates on the Ebola situation and consider myself pretty well-informed on the disease and statistics, especially in the most recent outbreak. 

Transaction costs are another negative in NYC, so you really have to get a great deal to make the numbers work.

Originally posted by @Tim Key:Tim,Zillow uses a statistical formula for coming up with a value.