Also listen to them if it is difficult to get financing...they're telling you that your math may be off.

You need to do the math on this.

He is MUCH better at math than me.

I am not familiar with NY regulations, but investigate whether you can charge each tenant ~$80/mo for the gas (do the math).

My recommendation to serious real estate investors is buy an opportunity in any segment, do the math (it's all about the ROI; some investors fall for the 'commercial' is more prestigious chest thump to find that losing money isn't very prestigious at all), and plan on proactively running a business. 

The 20% down math of $50k = a $250k house just does not work in reality. 

Seems to be quite high fees but haven’t done the formal math.

Quote from @Tenzapa Wakombe: Oh my goodness, @Jaycee Greene I got my math completely wrong!

Eric the big one for us is when trying to buy subdivision land.. and seller see's one acre being fold for 400k and they have 30 acres and now want 12 mil.. when in fact larger parcels for SFR are trading on the market at say 200k an acre.. they refuse to understand that it cost 50k or more per lot to get those lots buildable.. they just do the simple math and stick that price on them.  

I'm a local Denver agent primarily, but I'm familiar with some of the challenges up in the mountains because no deals make sense running the quick math.