It is also advisable to set aside reserves to handle mortgage payments and expenses for both units.It's important to think about the demand for units to ensure a steady rental income.

Does the income cover your expenses and generate a positive return on investment?

Has one been successful in lowering their property taxes in NyC?

A lot of investor just sit on land because nothing is available or it's just too expensive to get at that time.

He will try to justify that joining his program will be your best option, unless you have an unlimited amount of money and time to spend doing the research and learning real estate investing on your own, but the reality is that it does not take much time nor money to learn what he teaches, and even more; it will basically take a dozen of some of the best real estate investing books on Amazon and the time to go through them, subscribing to good sites as this one,  and joining a couple of good REIAs in your area, without having to pay for such expensive and useless mentoring.

If and when I assume the loan, I can rent it out for about $2200, which will generate about $835, no HOA and of course I will save some of that for maintenance/repairs and other expenses. 

I was born & raised here and it’s getting expensive.

Do I have no choice but  to  pay expensive attorney fees to get this done, as I do not live in PA but here in TX.  

This can be even lower with down payment assistance if you qualify. 

Im seeing lower rates on last few deals here in Chicago.