If demand stays high.....not so much.Broken record here, but look closely at where we are in the r.e. cycle and try to size up the potential for supply saturation.

The game played from Far Rockaway to College Point, from LIC to Douglaston is pretty much the same:  anticipating appreciation.Sometimes you can 'force' some appreciation by fixing up some units, but the rents WILL NOT cover your expenses.  

Theoretically, Wells Fargo would probably not play ball since I've been really honest about the situation with them, but another lender wouldn't know and I can get my loan?

He's got really clever subject lines tho so I open every one of um. its the high desert western desert land game.. there was about 2 to 3 million lots created in SO CAL AZ  NM  TEXAS N CAat the turn of the century through about the 50s before the subdivision map act came into play.. they have been traded around in tax sales for the last 100 years.. there are a few gurus who sell a course how to buy and sell .. but its an old old old old game nothing new.buy at tax sale for 100 dollars (literally) sell on contract for 500 dollars 20 dollars down 10 a month.. if they make it one year you doubled your money. and because the price point is so low no one cares about title insurance its just deeds being swapped.. its the business I grew up in..

Core BS and I don't play.  

If you are willing to take on some of the risk of lower coverage and the bank will play ball than this may be your  best way to save.What I know about flood insurance is everyone hates being made to buy it and it's always more expensive than they expected. 

Wife is suddenly back demanding full access to the apartment and is damaging the property (broke door and locks in an argument) to prove her point.

The equity/appreciation play is also huge part of analysis in the class A/B areas. 

Rochester market is very strong and the rental demand is high.

He played soccer for 40 years and his daughter played for years so the soccer mama drama is certainly not new to us.