This experience can help you scale your portfolio over the next few years- Local properties appreciate faster, which allows investors to reinvest their equity into more local multifamily units OR other markets where the cost per unit is lower (i.e., Philly, Upstate NY, etc.)The Bronx is arguably the best borough to consider the househack strategy.

However, looks like there is a harsh line as far as what locals can afford and if you go over that, vacancy is high.Watertown, NY- I’ve seen many great multi-family properties in the low to mid 100s.

They cannot continue a lawsuit on your behalf if you have not authorized it.I would send them a short demand:"You have five business days to stop the lawsuit and turn over all documents, funds, and anything else pertaining to my property.

I would love to discuss real estate with like minded people over coffee, dinner or virtually 

maybe they would do a subject to and have you take over their mortgage payments - do they have a good interest rate? 

Quote from @Shiloh Lundahl: @Jay Hinrichs so it sounds like you don't feel like you got punched in the face by real estate over the past couple of years. 

Ensuring your rental market can sustain these costs will help maintain profitability over time.The 7% DSCR loan is relatively high, and refinancing later at a lower rate could improve your long-term cash flow.

Unfortunately, over the 11 months he has lived there, he has only managed to pay the rent on time once.

Property management is remote so far, however I only need assistance with handing over Keys to tenants, handling repair requests and doing walk throughs at the end of the lease. 

I will definitely need help with this one, because it is currently landlocked and will need either a road and crossing over the river, or it will need deeded property access through a 3rd party.