I could come up with a down payment for an investment property in a different state easier than my home state at prices are pretty high in the 300-400 k just for townhomes.

I worked with a lawyer named Jarom there that I was VERY happy with when setting up LLCs for SDIRA and SOLO401Ks.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Ive been using the same for many years now and its my foundation for operations, follow-up, workflow management and communications. 

Getting that first property is exciting—and yeah, NYC is no joke when it comes to price of entry.Honestly, a lot of people I’ve talked to in your shoes end up finding better opportunities just outside the city.

Cost of capital is high right now. 

The changes that have occurred in the past year is making sure the comps are truly there, getting the material costs down (or accurate) number with changes all the time on costs. 3.

You'll likely also reduce your cost of living by moving to a stabilized apartment.Depending on the cashflow and debt paydown, you can use this strategy until you've built enough equity to reinvest.On the other hand, getting into a multi-family after refinancing will also help you build substantial equity to rinse and repeat in the coming years.

That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.

Would it generally be a location that tends to have a higher cost of living?