This place is full of fantastic resources!

@Benjamin McClellan Thats great, Grand Rapids is a fantastic city to be investing in right now!

They found it intriguing that, if they found themselves in employment situations without benefits, this little rental house would supplement those lost wages during times like maternity leave, for instance.By the time we finished, the kids realized that starting their adult life with a free-and-clear rental property and $25,000 to invest with was way better than what most people end with.These kids had been placed in a fantastic financial position.

Once in a while I get gun-shy on a new purchase because it's such a fantastic deal that I start wondering what everyone else knows that I don't know. 95% of the time I find out there's nothing there except other gun-shy investors, and 4% of the time it was some easily manageable issue, and 1% of the time I should have paid attention to what everyone else was doing and bowed out.

Home is paid up.The home is in a fantastic area (military bases), great neighborhood, built in 1994, 3bd 2 bth, 2680 sq ft,  Comps are 256,000 - 261,000, assessed 236,837... 

The podcast is fantastic & usually will have you laughing along the way.

@Daniel C.In 2004, I bought a similar property like the one you are describing.However, at the time, Clinton Hill was the similar to what Bed-Stuy was about 5 years ago.In your case, the property is $1.25 Million now.In my case, it was $890k and cashflow broke even.Fast forward to today.I cashflow $3k per month.The property is worth around $3 Million.I have been investing in Brooklyn for 20 years and now have 6 multi-Family including 2 in Bed-Stuy.If the above example is too long for you, then I'll give you another example.In 2014, I bought a 4 Story, 3 Family building on Hancock for $900k.Put in $300k of renovations.Today, it cashflows $1.5k and the building is worth $1.8 Million.People tend to do Cashflow analysis as if the Cashflow that you get today will always be the cashflow you get for the rest of the Investment's life.In NYC, that kind of logic will prevent you from buying Great Properties which will not only give you fantastic appreciation, but will give you a ton of cashflow in the future.That being said, as @Richard Mui mentions, it's about block by block in Bed-Stuy.

Cindy Barber is a great person and the Beachland is fantastic, but I don't see that type of growth anytime in the next ten years, it doesn't have the cash influx that Tremont has from all of the bars and restaurants.

In all honesty, it's a fantastic market. 

Great job - some lucky end buyer will end up with this fantastic home soon.