Being able to float the mortgage for the foreseeable future is a factor to be mindful of when budgeting. 

MY understand was they do not grant you real property rights like traditional real estate assets (condos, SFH, etc).After these realizations I decided that if I wanted to own a real property, within my budget, I would need to leave NYC, and move to another state.

He has come home driving concrete pumps , tractor trailers , oil trucks .

@Benjamin Lemieux Hello Ben, sounds like something you have put thought into and it is great you have budgeted your exact amount of reserves and thought worst case scenarios so you are prepared.

Set a budget.

Looking at the analysis, a) I would not self manage any investment property, unless you like doing that work plus the headaches and stress b) you did not budget for a home inspection or the cost of upfront repairs or maintenance. 

Basically looking for a more budget friendly way to contact those investors.

It is wiping out State budgets.

For example- you purchase a house for 100k and 50k reno budget and you put 20k down. 

Dave Ramsey is great for budgeting and not getting into debt.