But be very cautious: city lawmakers are trying to pass a new law which could substantially raise taxes on condo and coop units in the next two years.  

Then you may raise said rent up to 5% PLUS inflation which gives you another 2-3%.

This strip was built in 2018 and we bought in mid 2019 and soon after we bought we found out that previous owners were giving this tenant 20-30K in TI and all kinds of promises to get him to sign (of course they then raised the base rent higher) so they made the strip 100% occupied and raised NOI. 

You raise a good point @Chris Coleman since we haven't discussed exit strategy yet on long-term rentals.

They can also raise your monthly fees to cover their costs.

My intention was to do either a 3% conventional or 3.5% FHA loan-I have a low cash down payment that I have raised. 

Ask your bosses for a raise as all they can say is NO. 

And even if you refinanced into a 30 year mortgage, it still doesn’t seem that you would cash flow.Unless you can raise rents and Refi into a 30 year term in order to have a healthy cash flow, then selling is probably your way to go.

A rental house i am looking to buy is listed at 175k most i can come up with is 155k they declined my offer. But i don’t any way to come up with any more money the 155 would be with a personal loan. Any suggestions on...

I really don’t want to raise “red flags”, so to speak.