I guess if you are worried about building your team/people you trust to manage and look after the property may want to find some markets that are affordable and easy to travel to and from NY so you can go visit the property need be. 

What do you all do with issues like this, but issues you mention ahead of time?

I went ahead and estimated my taxes based on my assumption, paid more taxes, and filed an extension. 

When looking at the numbers, remember if there are condo fees/HOA those add up quickly and depending on the amount, you are likely further ahead with a house. 

We had an agreed contract amount and we did make some changes during the rehab that we gave verbal go aheads to as well as some via email.

So plan ahead.

Just a heads up as of DATE ABC Management is taking over as my property management company. 

I personally did the comparison myself and for my situation (I got 2.25% on my FHA loan with ~82% LTV), my MIP won't need to be paid after the 11th year and I would come out ahead financially in all scenarios (in the beginning because I put less than 25% down, and in the end because my monthly payments would be lower for 19 out of 30 years due to the eliminated MIP after the 11th year).

@Anthony BuccaneroWe are about four years ahead of you and it's been great for our family.

You should be looking for a mentor that is light years ahead of you that can mentor you and accelerate your growth.