Just a block up the street I've talked with 3 guys that are paying $2,500 for a 5 bedroom home that is similar. $500 a room seems to be a fair, going rate for the area.Most of the homes were built in the 1800s, but this one was built in 2002.Just three blocks away major projects are happening.

All of the road blocks so far has been on the side of the banks that are selling.Everything on my end is ready to go.

It would be pretty difficult to rent out the nicest house on the whole block and expect a renter to happily pay the extra just to have those features.

A similar renovated home up the block (on the same street) sold for $133K after less than 2 months on the market this past May.

(This home had 3 master baths on the ground floor & 2 upstairs).The cast iron drain pipe literally collapsed as my friend worked on the fittings & it fell through the pipe race into the basement.So all the plumbing was then replaced with Pex & PVC sewer pipe for about $2500+sweat equity.So be prepared for surprises.

Unfortunately I can't give you any advice on NYC itself, but I can tell you that a lot of the work in REI has to do with spreadsheets and formulas.I woud imagine NYC REI is going to require a strong knowledge of different neighborhoods, one block will be vastly different than the next.

It is on the edge of one of the less desirable areas of the city, but the block has many single-family houses which are well-kept and "feels" safe.

The city itself has very low property taxes but property values also vary dramatically block by block and at times even streeet by street.Finding and having "feet on the street" is key for smart and money making investments anywhere you spend your money.

I feel like I might be getting blocked or something.2.)Thoughts on trying to close the deal on the phone or getting a meeting with very little information?

Location in Dayton is everything. 1 block can make a large difference here.What you need is to find boots on the ground in Ohio, or you need to visit.