@Brian Adzadi the 'house hack' method isn't an option for me unfortunately due to a few factors (beyond the terrible market for rentals where I live).

I haven’t factored in city permit costs.

I like to utilize these tools when I am doing "mindless activities" such as washing dishes, getting ready for work in the morning, driving around, etc...My last piece of advice is find a local REIA which is like a real estate investors club.

Also if you’re open to driving a ways outside the metro, or buy and hold in urban pockets that are still up and coming with a 5 year play of waiting to cash out if ever, I think there’s a lot of opportunity still to be had. 

Drive for Lyft?

Once they hit MLS in areas like Bergen, the competition drives prices out the water... especially on a unicorn AKA multi in that county.

We are just speculating on the upward moving of this market because the house price keeps rising and there are organic factors that support it so in a moment we think negative cash flow can gradually be covered by picked up rising rental rate, but i guess its not financially sound on this deal

Gallinelli's advice about considering the time value of money seemed like a very important factor in determining the overall potential for earning a profit on an investment and I really wanted to understand how to figure that out.

@Randy Dickerhoff Your primary will definitely factor into the debt to income ratio.

Even if it appreciates down the line, you will have to factor in capital gains tax to see if it’s really worth it.