The level of respect they have for landlords is about 10 degrees lower that that of lawyers.My work/career back ground was in the field of dealing with and conflict resolution. 

Estimated completion, 6/1/19.Estimated Rents= Main Level= $1,800/M. 

There is no rule saying you have to leverage at the maximum level.

I’m trying to establish an upper limit for offers.Thanks for the help!

But, after about 10 months I started to get a little stir crazy and needed to get my hands dirty so I started surfing HUD and Fannie Mae sites for a fixer-upper.

Hi All-I am starting a direct mail campaign targeting 2-4 unit propertiesMy Criteria for my list: 50%+ equityAbsentee Owner (in state + out of state)investor activity in area (determined by cash sales over the past year)10 year population growth in the targeted zip codegenerally affordable median home price in targeted zip codeStrategy:Handwriting letters in blue ink (roughly 280 letters)colorful envelopes to draw attention with standard postage stampsGoing to make the letters brief, but show some level of context related to the specific propertyMail every 2 months, for 5-6 roundsAny Advice?

@Andi Sjamsu there are some deals to be had in Upper Westchester, and Putnam County NY as well, that would keep you within the 90 min train ride. 

Rent Control is everywhere because new people that plan to move those cities can't vote against these rent control laws that hurt them. and us landlord are hated micro minority.The only way to deal with these uneconomic laws is on the State and National level because it is in the best interest of the State and Federal government to extract much Tax as possible from rent.

JohnAn LLC is a pass through entity so it is taxed on the individual level not on an entity level.

Purchase price: $225,000 Cash invested: $30,000 Sale price: $340,000 Three level, single family home, 5 bedroom, 3 bathrooms.