Property is in good physical condition but there have been some expensive repairs and all the utilities seem high to me.

When it comes to whether to lease with option or sell make sure you take the taxes into account as Westchester is one of the most expensive counties in the states.

You learned a expensive lesson.

Act as a RE agent that you are.. get a buyer if its a great deal that would not be hard.. sell it to them make your commish then get the list back  rinse repeat about 20 times a year and make your self a few hundred grand with NO MOney out of your pocket other than normal business expenses anyone would have when you have your own business that provides you a 6 figure income.on the credit side I don't think folks realize how devastating it is to let your credit slide.. at least when you then want to get credit.. if there is anything for younger up and coming folks to hone in on is the disability you place yourself in when you cannot manage your personal credit and you let it get bad.

Funneling all the extra cash that you would have, even assuming there are absolutely no other expenses that aren't accounted for, you won't be able to pay off $100,000 loan in 2 years.

Weighing cost of hardwood vs less expensive carpeting.

Conversely, there are a lot of other pockets that are slightly more expensive that you can get a quality renter in and make slightly less money.

These are important questions because if you are new and have not fielded calls from sellers, I think you are going to be really overwhelmed by the calls and analysis that is needed.  

Not sure if you're being generous with your monthly expenses (vacancy, cap ex?)

It could be either a coop or a condo - in a coop you own shares in the buildings corporation that entitle you to occupy a specific unit, in a condo you own the physical space. they'll have either maintenance fees or HOA fees as an additional expense, and these can go up whenever the board voted on them.