I'm currently working with a couple of other out of state investors looking to do the same thing you are.

You can sign up for these on a great website called Meetup.Financial Preparation:Evaluate Your Finances: Understand your current financial situation, including savings, credit score, and any potential sources of funding.Create a Budget: Establish a budget for your first investment.

You should also request an estoppel so the tenants can confirm that the info you were given in the lease is still current and correct (you never know if the owner gives you an old lease with old info, and maybe the tenant has actually signed a more current version). 

I got the place at $175k and I'm currently at $158k and my apr is at 3.25% with a mortgage of $976 per month.

You can expect 4%-6% equity appreciation gain, especially with current rate and inflation.  

s, first rent of the newly created unit must be equal to the combined rent of the two previous RS units..in addition, newly created unit will still be regulated, NYS senate just passed bill S2980C..Substantial rehab is the only remaining strategy, which is not cost effective in the current market

Create a current asset account in short of accounts called: "Due from PMC".

It's new to me so I hope someone here can shed some light on what she is trying to do.Her current property is in MA and is a four-unit. 

Hi John, Are you currently renting out the property? 

Websites like Zillow, Rent.com, and Realtor.com can provide insights into current rental rates for similar properties.