Don't shoot yourself in the foot, but in this market, deliver a good product that a buyer would consider a win.

Hey @Yoel Peyamipour - I'm a broker and investor in NYC and come across deals in the Bronx often, but don't have anyone buying there actively. 

With 15% in my market you are looking at you could probably buy two properties off the bat and they should cashflow you conservatively 2k a month, could be up to 3k.

I know this is a somewhat controversial product but a reverse mortgage is an option for folks who want to remain in their home and age in place but need a source of cash flow.Hope this points you in the right direction.

@Roy Oliphant, was it property you already purchased at auction, or one you wanted to buy from state?

Bin Zinsser makes products to cover over cigarette nicotine stains and smells.

Investment Info:Single-family residence buy & hold investment.

Duplex can always add additional units via the ADU laws. 8) Related to number 1, purchasing a property with an existing ADU is cheaper than buying a property and adding an ADU.

Thats why someone wouldnt buy your house and rent it back to you for less than they are paying for a mortgage . 

I'd avoid buying anything in Lawrence Township because the judge there does not like evicting people for non-payment of rent.