That would at least be SOMETHING, and so it might be better than leaving 1.25 million of equity just sitting on the table untapped, but it feels kind of disappointing because it ties up a huge chunk of equity and fails to fulfill either of my two main goals: generating monthly income, and serving as a significant vehicle for further expansion in the near term.Several apparent ideas I'm actually NOT interested in trying are: investing out of state, partnering with other investors, and expanding into parts of NYC that can still be called "bargain" areas (in the later phases of a multi-year superbubble like ours, such places tend to be mind-blowingly distressed and they are simply beyond my comfort zone).

Where you need to be careful is if your market is tied to some microeconomics trend that would cause downward pressure on housing prices, like one industry or employer town where that employer or industry is shrinking and demand for housing is decreasing.

I may switch this in the future to limit the bank's power over my money tied to both.

I have my money tied up in another deal right now and this deal came up.

Being tied to a management company that might not be performing for you seems like the biggest factor to consider.

I don't know how much money you have, but using OPM allows you to scale much faster than tying up all of your own money in a single deal, etc.   

Hi Robert,Maybe make sure the shower has grab handrails.They might not be needed now, but if they are, he won't be tied up in a wheelchair for weeks.Cheap and easy.Good Luck!

By "not seeing the money you earned in your account" I think you're talking about the money that was in your account but is now somewhat tied up in the property? 

If it's paint grade, I would use a fairly dark brown to tie in with the roof. 

I am thinking that we should put something in there that states that we will need to close within a certain time frame, too, since we intend to pay cash and the property is part of an estate--I don't want to end up waiting a year and tied to it, while it sits empty. 1) What is a good target closing date and how would we even word that?