I bet those that start on teams, is considerably lower.

What are the best types of buy and hold scenarios in terms of buying on the lower end versus the higher end when you have a limited ceiling for rent?

But let's run with it....My bet is even using your number...it would be tremendously cheaper. 

If you're looking at something other than a college town or tourist areas (which are unlikely to have properties that inexpensive), I'll bet that you'll have a harder time than you think selling off those new lots.In general, unimproved land moves more slowly than regular homes. 

UW didn't get more conservative, leverage didn't drop, asset class (A/B versus B/C) didn't change. 

There are lots of posts talking about it conceptually, my CPA is lukewarm on the strategy and says most of engineering firms overstate the benefits versus what actually gets reclassified.      

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?