REOs that have been on the market for months and months may get offers accepted at more significant discounts.Not saying its impossible to wholesale REOs. 

I live in LA so have the same problem as you do in NY...impossible to buy locally for cash flow.

@Randall Kates It is nearly impossible to negotiate with banks.  

To make the goal interesting, it was impossible to achieve the goal on my engineer's salary.  

We wanted to do a HELOC on the rental home but it looks like that is next to impossible and even if it is, it will not give me very much money at all.

Nearly impossible in many areas, like around here. 

In that area, you will find it almost impossible to find a deal that makes sense.What do I mean by "makes sense"?

Depending on the condition of the frame it can be a pretty easy thing or almost impossible if there is lots of dry rot or termite damage. 

Is it impossible for a TK provider or PM to simple communicate and inform the investor of expected expenses before they are incurred.

Realtor-represented MLS listings), everything seems far off.From what I've calculated, what I would need to pull this off would be:- A 4 plex for sale at $200,000 (median at best) or less with little to no repair needed, or an associated decrease in purchase priceAnd- All 4 units renting for $900 a month:$900 x 4 = $3,600 x 50% rule = $1,800 NOI - $1,000 mortgage = $800 cash flowTo me that just sounds impossible.