Their are other things to take into consideration, but this is a good start.

If anyone also knows of anyone that's actively doing flips or rehabs in that area that would also be incredibly helpful as well.Thank you in advance for your time and consideration.

I took those into consideration, $7800 for the 6% about 7k in concessions or rehab.

While our no smoking rules have never been challenged, I'm quite confident the would be upheld.Now ... in Québec, things would be a little different as there is still considerable public tolerance of smoking.

The "Peter Principal" says you rise up  to your level of incompetence. 

Now what about if you are purchasing the property for considerably less than the current value?

Year to year you can't control the rising expense of a flood insurance.

This is a little more complicated to explain and off the subject a bit so I will just say that with the fear of rising interest rates over the next few years, I was looking for a replacement for my bond portfolio, which I have been cutting back slowly over the last couple of years.

You payments will decrease with a 30 year mortgage but your interest rate will rise to probably around 5%.

i completely agree j Martin, but you can think of it as a way of protecting your future profits from contacting due to ever rising utility bills.Brooklyn is like hipster mania and they will eat it up!