I would bet that it could rent for maybe $1400-1800/month depending on the local market. 

You’re best bet is learning how to raise capital and be the all cash buyer!

I'd be willing to bet in the next 6-12 months prices will drop.

Yes, NYC is a great market and is likely to appreciate over time, so a safer bet than in most places.What is that appreciation costing you?

Reconciling four different utilities (elec/water/gas/internet) whose bills arrive at four different times and pro-rating all that for different move-in/out dates is a real drag, as is collecting small amounts from multiple housemates.

You don't want to start down the road with that person, thinking you're going to get all the speed and convenience of private money, only to realize after it's too late that you're in institutional-bank-requirements land.Actually those guys advertising 4% are simply Criminals think the Nigerian prince scams for real estate lending.. they are just looking to get teh 1500 up front and you will never hear from them again.. and it works since people are asking about it.. newer borrowers simply dont know what they dont know until they get scammed.there is NO 4% money NONE  the only time that could happen is with close relative or someone you know personally very well NOT anyone you meet on the internet. 

The primary listing syndication sites, along with their sub-sites are likely your best bet. 

Honestly you're best bet would probably be to house hack a place close to where you are most familiar with.

I meet a lot of clients on BiggerPockets and internet advertising.

I'd also bet on more appreciation anywhere in Philly vs South Jersey.