To get any cashflow I think I need to be looking for something around $250K, that doesn't need a lot of up front rehab, to give me enough extra for closing and reserves, and in a submarket that will gross 3000/m.

I think LLCs are over rated unless you have to hold the property in one for financing like most DSCR lenders will require.

:I would have a landscaper visit the property..

So be careful and make sure you interview the Expediter and that they have had success in obtaining the Letter of No Objection.As far as evidence that you need to gather, look up your buildings TAX Class.You will find it here: Building Information SearchHere you will see something that looks like this:NOTE that while this is a Dept of Buildings Web Portal, what I have circled in RED is the Department of FINANCE Building Classification.You may not have a CofO, but the Dept of Finance maybe taxing you as a 2 Family.

The increased depreciation deductions can offset your taxable income, including gains from the sale of the previous property.

Welcome to the community!

One tenant had a lease that has since expired but that lease wasn't triple net and the other tenant never had a lease because it is the family business but the lease is triple net.

Quote from @Stephanie Cruz: This is the first post I clicked on this forum and I felt called out, so I added a photo and a bio.

So, there's all this buzz about blockchain and smart contracts shaking up the real estate world?

I think "up and coming" can be a total crapshoot.