You can get a property manager for cheaper, but you will have leasing fees and other fees - so really that number will go up.The truth about buying houses 25% down is that you might have trouble making it worth it for the first few years - but rents go up with inflation, and with any luck the house will appreciate, which is where the real money is made.You might also consider trying to find cheaper houses for higher CoC - but there's definitely a trade off there, for $170k you can buy in a nicer area and get more appreciation.Alternatively, you could consider house hacking a duplex.  

In reality with inflation probably negative returns versus almost any other investment. 

One less person worried about loosing their home during this time of inflation and post-pandemic.

Predictions: Interest rates are about to increaseThere is going to be some backlash on increased interest rates and inflation.

I've already invested in that neighborhood, really like the area and class B type of tenants, and wanted to double down during an uncertain time with inflation.

I believe that this neighborhood will continue to go up in value, and wanted to double down during an uncertain time with high inflation and fears of interest rates rising.

@Joseph Salzillo Extremely inspiring to see that there are deals still left on the MLS in this inflated market.

You should be able to cash-flow a bit (not much after accounting for prop management fees), but don't expect the same returns (on a cashflow basis) that you would get in more remote areas or in tertiary metro markets elsewhere in the country.However, with headline inflation at 7% now YoY, I think buying real assets in a market like NYC Metro with a long enough time horizon is a great way to build wealth and to hedge inflation risk -- both from a price appreciation and rental income appreciation angles -- so a DUAL hedge. 

It's pretty much a given that you will be facing much higher rates when it comes time to refinance, especially with current rate of inflation.

Otherwise you just get the cash and that's losing ~7% a year to inflation.