Lower your numbers and decrease your risk.This might be to low for a bank to invest so maybe look for a  property around $100,000 kicking off $1300 in cash and you will be happy too.

typically places with great historical appreciation have higher entry cost and lower cash flow.  

So here is the timeline..2015 - bought duplex for 455k with FHA2016 - did shotgun refinance to lower my interest from 4 to 3.252017 - fins out I have shortfall and my monthly payment had increased.Here is the LA county tax info: AIN: 5188-016-029 

Every cost they sent was right-on the $$$ or lower than expected.

You are simply much less competitive when you need to lower your offer by x amount to take into account all the fees on the loan...

Like most things in life, it's a double edge sword.Buyers benefits include being able to negotiate terms, lower down payment, not having to qualify for a loan with a bank (if you have issues preventing approval).  

@Carolaine S.I would definitely consider selling the coop and look for a multifamily in a decent part of the Bronx or lower Westchester that would work for an FHA loan.

I'm no "pro" as well but I've listened to a lot of buyers in your situation end up in Option #4: Walk away for now and in time they may come back and accept your offer or in some cases accept an even lower offer. 

@John D.Depends on the interest rate you're paying, obviously the lower the interest rate the higher your return would be.

Recapture is the lower of the gain realized from the sale of property, or the depreciation deductions  taken on the business property .