Between this, the "normal" seasonal increase of home sellers in the summer (which, when combined, may cause a short-term glut), and the reduced number of buyers able to buy due to current economics, I think prices will go down before they go back up.If you want to discuss this further, feel free to Connect and/or DM me.

I'm talking to my local lender and waiting for the paperwork.One question I haven't found an answer for: do I use a combination of salary and commission to calculate eligibility?

Tarrytown property is very rare for the neighborhood.

For example, here in Atlanta, I rarely see "active under contract" but am typically seeing "pending" for anything that is under contract.

Connecticut just followed suit with NY (I believe) in extending the moratorium on residential evictions until July 1st, 2020, with trivial hat tip to owners by allowing them to use security deposits as rent, which most of us on the owner side already know is an awful idea because it’s rarely if ever paid back.

I knew that hard money, combined w/the BRRRR strategy was the way I had to go.

@Aram Minasyan If you have a good stock investment or another property picked out, like a quadraplex, that you are confident can net you a higher rent income, combined with the ease of management closer to home, then it sounds like you may have already made your mind up.

This is super local, though.As @Aaron K. points out, you'll have repairs and CapEx. 15% combined is pretty standard.I think you'll be lucky to break even on this property.

The combined rents collected covers my mortgage and water, im loving that.

Now I know there is the occasional rare professional equipped with both experience and a scientific method.