Generally, the biggest challenge is a lack of quality comparable properties.

Note that this was before Al Gore invented the internet (LOL) so info availability was in the dark ages compared to now.

and next how would the rent you lose out on by not renting it out compare to what it would cost you to live somewhere else?  

Of course, we will be having our local lawyer take a look at the lease.I'm hesitant mostly due to the overwhelming legal power and experience that this tenant would have compared to our small LLC.

Especially as it compares to finding a move-in ready 2-4plex that will cash flow. 

You can compare them and come up with one that covers all your bases.

It doesn't look to good when compared to other investments.

OnlineJobs.ph is one of the best VA portals out there, since their pricing, expertise and English skills are on average the best compared to so many other foreign workers on UpWork, Fiverr etc.. 

I've started to look at the numbers.I'm struggling right now to compare my numbers against the 50% rule. 

Jerome Ave rezoning was just approved a month ago or so and word has it the Kingsbridge Armory renovation is about to be approved as well. 2 familys are great bc the bronx still have relatively low prices compared to the rest of NYC but rents are still HIGH so if you have a rented unit....the monthly mortgage burden is not that bad. we bought our house for 390k 3 years ago and in total we needed about 17k cash from offer to closing. the vast majority of that was just the 3.5 down payment. i negotiated to have the seller pay our closing costs and again no real estate agents were used. best of luck in your search.