A hard money loan charges a high interest rate and is meant to be short term financing.

Index funds are great for long-term investors, potentially terrible for those with a short time-horizon.

Hello Ryan,I am in a similar boat, but unfortunately, unless you have huge capital reserves, it'll be hard to buy enough to offset that much income, at least in a short amount of time. 

If you locate and purchase a property even at current market value in one of these neighborhoods, you're likely not to find yourself upside-down in something in the short term (the next couple of years) and beyond, even if (WHEN) the market begins to soften.Identifying this will either take a whole lot of research on your end and/or the help of someone else who knows the market better.

Not to mention the fact that $160k to $250k in the next 5 years is not likely to occur as we are at peak market prices and short of a major break through in technology and jobs, salaries won't support that without a significant correction first.

I am looking in the $175K-$250K range.Questions:I've listened to Podcast 229 with Zeona McIntyre and read the articles about short-stay on this site. 

Is there any traditional way short of hard money to take down this property? 

If you're going to be living here for 4+ years, I would suggest finding a short term rental (6 month maybe) to get situated and really scope out the different areas.

I've tried looking up the potential liability of a Salesperson in the line of doing normal work.There are a number of tricky things, especially here in NYC.Just to give a clear example, let's say your client is a Buyer and you are showing him a Property built in 1960.According to the the EPA, the Buyer should be presented with a Lead Paint Disclosure when purchasing any property built prior to 1978.If a Buyer never receives this disclosure, buys the property, then later discovers there was Lead Paint, then sues.... who can he sue?

You will quickly discover how to earn passive profits from just one buy and hold property.Check out the menu at the top of this page; look at the options under "Education".Wishing you the very best!