You and me both that NYC has become a no investor zone unless you have $500k to play with.If you have your team ready and that amount of capital on stand by, NYC neighbors NJ has many properties to start with.I just purchase a property in Newark for under $40k 2 family distress condition.

The article above suggests that rents are increasing faster than prices, which would lead to increasing cap rates.

(but I will be sure to increase the rents with the next tenants)   We had 20 applicants within 7 days of posting the property. 

I’m happy to announce that after a LONG 2.5 year process, as of July 25th, I passed my 2nd NRC Exam in my long career in nuclear power.So here’s my story in purchasing my first duplex…Around June or July 2015 I was trying to figure out how to buy a property outside of my SDIRA to increase my personal income.

Sounds to me like normal wear and tear from them living in the house (probably kicking the screen or something stupid), should be up to the tenant to keep the property (the screen) in good condition.

So, even if market rates increase from the 3.5% to 4% range to say 5% to 6% that activity will not immediately translate into the fund's performance.  

I brought a contractor out yesterday and better understand the condition of the house, so funding is now my next hurdle.

Ive seen some blocks in East Point that have increased in value, while others have dropped.

We signed a lease the first year and the lease stated that after a year it could be renewed or you could go month to month with a 10% increase.  

My original point is that we should not create a system to increase the burden on middle class people who really want to build wealth.