Then multiply the square footage by the going rate for your area and see whether you'd come out ahead or behind.What would you do with the space?

Serve as a "heads up" to others in the NYC area looking for Real Estate Meet-up groups.2.

Don't get too far ahead of yourself.

It's all about cashflow for me.We buy some slab houses...only concern for me is if it was plumbed with polybutyl pipes....then I either hammer the price down or know to budget to replumb...which I usually go ahead and do pre-emptively.  

Just trying to think ahead in case my offer is accepted and I have a few questions:1.

Students are securing and locking in leases 10-12 months ahead of time.

You're still not necessarily ahead of the game vs. hiring a really good PM group.  

If it's due to the tenants putting something down there than it's the tenants responsibility and the tech can tell you what was wrong with it after he services it.If it's old and shot I would go ahead and take care of it, Sometime I just take care of things to show that I'm not some slumlord and care about my rentals.

To get ahead of the new wave is the challenge but as compared to SF should be easier or at least cheaper.

You will be a component in the circle of life facilitating good families getting a head via your seller financing and fixed up decent home.