I would also make sure you have a good amount set aside if something hits the fan.  

I am not a big fan of selling assets once I have worked to acquire them. 

I would appreciate if you could give me some insight what would you do if you were in my shoes?

Hey @Jerry Nogueras - I was in your shoes too, born in NYC, and lived between there and Long Island. 

Also, because most baseboard heaters do not have fans they only heat a very small area causing the tenants to set them very high and the heaters cannot keep up. 3rd is to check the insulation in the attic and sidewalls.

Not a big sub to fan and definitley not a fan of people trying to wholesale deals off of the MLS.

It gives you the power of a professional real estate bookkeeper but it's simple enough for someone who is not a fan of bookkeeping to stay on top of things because the User Experience is well thought out.

Personally, as an investor, I'm a fan of unique stays that allow for higher rates and less traffic.

Go straight into focusing on creative finance, subject to, and minimal cash down deals and build from there.I want to hear your thoughts on what direction to take here if you were in my shoes given these constraints (full time job and a few thousand saved) and you want to optimize for passive income first, then value appreciation?

If I were in your and/or your mother-in-laws shoes, I would go to a local bank and use the free and clear house to secure a $150K+ line of credit.