Depending on your level of leverage, you should be cashflow neutral after taxes.Oh, and the only harlem neighborhood with a better GRM than yorkville is central harlem and is about .5 less.

Shannon XerriI would tack onto Josh Rogan's comment by guiding you to look at your experience level.

Everybody has a different tolerance level of value based on rents so that is certainly subjective but 120k for $1000/mo doesn’t appeal to me in today's market.

They are not only a commodity but also utilized to add value to society and offer a lot of the downside risk hedging while still offering some level of real return.This is a bit cryptic and dodgy of an answer, but I hope it is at least of some help

Learning how to find the type of seller to whom owner-financing will be attractive is a skill.

Also once you are at those higher levels it involves a lot of research study for the most part , making it not a very passive investment in many respects.

That would be very dependent on your skills and experience.

My wife and I are novice investors and have spent the last 5 years honing our property management skills, learning all we can about investing, and repositioning an 8 unit multi-family from a D+/C- property to C+/B- with what we consider good results.

As to the costs being worth it, I would say for me I checked them out thoroughly by references from others before I moved on spending any money being mentored and coached, and I then paid handsomely to 2 different and very successful individuals, and a local club as well....it was well worth it because I was held accountable for taking action as the deals were coming in to make it happen....I made the people hold me more accountable than I think they even wanted to be....they kept telling me most people won't do what we tell them they must do to be successful in REI....so that is what I did to get going and be successful in the REI....took action along the way....it costed me 5 figures in coaching and mentoring and costed me sleepless nights to change my mindset about what it was going to take to get the job done...some people say it takes 10,000 hours to perfect a new skill...it didn't take me that long and I'm not perfect but I am doing well in it and I really love it as well...and I was 50 yrs old when I started so had a lot of preconcieved ideas and mindset to change....but REI is a great thing...worth it for new friends, $$$$$$$, time and freedom....focus...etc....hope this helps you!

What's your skill set?