Is there anybody from the NYC area familiar with either of these strategies that have any tips or tricks I need to know about this big apple?

I have to look at cities like HEMET, SAN BERNARDINO, APPLE VALLEY,etc.

Trump vs Buffet is apples to oranges.

Welcome Adam.I Live in and own a duplex in Apple Valley and have basically lived in the Twin Cities my whole life.I'm sorry to hear about your initial experience renting your condo!

Actually when I compare apples to apples there is about 4 year difference between the plans.

To download the app, simply go to the Apple App Store on your i-device and search for "BiggerPockets" OR Go to our App Landing Page OR Click Here to be redirected to the download page on the Apple Store.Keep in mind - this is only version #1, a sort of "beta version" of the app.

When you buy in the two above markets, tenants you attract are decent and a good PM should screen out the remaining bad apples while ensuring no issues go too long w/o being resolved ensuring good cash flows.I have been cultivating relationships with PMs, rehabbers, and realtors.

I'm buying a foreclosure for $84K, ARV should be $125-$130K based on comps, maybe a little higher based on quality and condition. 3/2.5/2 1720 Sq Ft, 1988 construction.The loan package consists of a 6 month IO construction/rehab loan where they will loan me 75% of estimated ARV now, then refi into a 30 yr fixed when work is complete.The ARV is determined by the appraiser based on comps and based on a list of improvements that I intend to make.

Which I don’t feel is apples to apples with the idea that statement that less debt is less risk.

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