On average a NYer lives in an apartment for 7 years, so that's probably food for thought.My recommendation is to forego the abatement, as rents are moving higher, faster than even in 25 years, the rents will out beat the tax increases.Good luck to you whichever way you decide!

You find your next tenant.I would tell them though they are responsible for rent UNTIL you find another tenant or their lease is up, which ever comes first.If you wanted to buy one house could you tell the bank you're not going to pay for the one you're currently living in anymore b/c you're looking at buying a new house?

So you pay 116k for the property in cash and then its appraises for 300k, you can only get 70-75% of the ARV or up to 100% of your money paid (purchase price + closing) which ever is less.

These trulia/zillow/etc salespersons can't just be bombarding my inbox and cell phone for fun, presumably they have biters or they wouldn't bother.But real estate agents net ~5x as much as lenders do, per transaction, so they are the ones that will pay top dollar if your buyer "leads" are actually any good. 

Whatever you do and which ever market you choose just makes sure you get a grasp on the type of asset class you are familiar with because Ohio ain't O'ahu that's for sure.

I'm sure with your decision will turn out fine whichever way you go but I would proceed with caution.

If i were you I would buy a 2 family with a finished basement in Queens, Brooklyn or the Bronx whichever you prefer.

While you can agree to the 30 K credit in the deal, the lender for A will establish the LTV at the sale price or appraised value, which ever is lower.

Typically a contractor provides their own tools, which in the case of a property manager means their own vehicle, cell phone and computer.

I have also Googled Rob's full name, email address, and cell phone number.