Be strict on the rules and regs of the lease as well as the payments.

Here are numbers i am thinking...With 1% rent rule at 4% mortgage, you can definitely make positive cash flow.Purchase Price: $125,000. 

It's sure not easy, is it.For your railings I would say honestly to let your budget decide.  

I totally agree what you said, as a starter, not easy to find a diamond in nyc market.

I haven't seen much that hits the 1% rule here either.

I'm doing a lil bit better than the 1% rule , but that's where I want to live in the future .

I believe the general rule of thumb is, you don't want to have more than two hard inquires within a six month period.Happy Investing...

There is NO easy way!!!

I know ot is not easy, but with the help of the BP network, I'm sure it is more efficient.I live in Clifton, NJ and focus primarily in Passaic and Essex counties.Fel free to cantact me.  

FHA 203(k) loans are not  available to investors.Rates are going to be slightly higher on renovation loans, but still very reasonable.Homestyle has a rule that the repairs cannot be more than 50% of the as-completed value of the property, so when you're working with these really low priced properties you have to make sure the numbers work.