We are searching for good markets with a really quality provider. 

Does the quality of the client change the fee you would pay?

It's because they have the MEANS to support themselves should they lose their jobs, even for a prolonged period of time.Part of accepting a low CAP Rate (5% or below) on NYC Properties is to balance it out with Quality and consistent income stream.While I don't mind helping Tenants that are NOT WEALTHY....

@Owen ThorntonHey, Nice to see a younger guy getting out there and reading some quality books.

@Carl Crump, there are some things you can do to increase the odds of a successful capital raise, besides of course the quality of the deal1.

evictions tough. or tougher.Texas,my experience there is you better have your head on a swivel when it comes to the quality of construction.. 

Find a better place to rent, you will probably be able to negotiate a good deal, as quality tenants that still actually have income are becoming harder to find.2.

Only thing I would add is to use a high quality cabinet paint.

For example second property is larger and you need more space so you are moving and owner occupying to have a better quality of life.

Purchase good quality multi family assets....with that amount you could earn 60-75k ish ayear