Studios and 1-brs have heavy turnover, but in big apartments....they tend to pack'em in.

NO vacation or weekly rentals.Im interested in 6 month or longer leases at places like Palms Place or MGM SIG( studio units).

. :) Im listening to the audio of MREA now, ill listen to shift too.

The cheapest ones are also studios or 1 bedrooms so you can’t really house hack those anyways.What it comes down to is you sacrificing your commute time in order to achieve what you want to do financially.You can try to look into Hoboken, or Jersey City which will have better numbers and can almost cash flow positive if you find the right deal.Best,Charles

She lived in a tiny studio apartment in Manhattan with her fiancee, both earning 6 figure incomes.

Their is a minimal amount of cash flow to nearly none at the worst case scenario if you figure property taxes, cap Ex, etc… Their is oppurtunity in the attic to turn into a studio 1 bedroom with kitchen and bathroom.

the reason i wanted to know this is so i could put together reasonably offers, because i know most homeowners aren't gonna come out of pocket (if selling for less then what they owe) at the closing to just sell you their property than i was told by another investor to just ask the homeowner up front, but i've found out that works best if at all, when the homeowner calls you, which some times they still give you resistance. but when your as proactive as me and are also calling them, their is a whole lot more resistance from the homeowners to give you this info ((i guess they look at it like your gonna steal their equity or something if their is any to begin with))or maybe i'm asking for this info the wrong way, probably because i can't really back it up to them why i need that info in the first placebut anyway if anyone knows of a way to find a homeowners mortgage loan balance please let me know i'll be so thankful, because on some investing audio i heard two investors saying they don't even ask for this info because they can so easily find it through a simple search ((HOW))

. -- Studio or 1 bedrooms apts with low assoc fees and low taxes are a great place to start.Remember to always keep your rental updated and clean so you can attract responsible, clean tenants! 

Hope you get what you need for rents.. as a 1095 per month for a Studio size place is interesting.

I'm also a long-time BP forum lurker, BP audio-book listener, frequent investment podcast listener, and have been graciously exposed to the REI realm through close friends- STRs, flips, wholesaling/wholetailing, etc.The issues I'm currently facing are locating local MLS inventory (SF, MF) that would make a "worthwhile" investment, that would provide a decent ROI...