Of course the Rev Share is fantastic too!  

@Brandon Chung unless you stumble into a fantastic purchase opportunity, your best option would be to use an FHA 203(k) loan to purchase a 2-4 unit fixer upper.The 203(k) loan allows you to include repair funds in the purchase loan amount.Once you are all done with rehab and leasing out the units, you can refinance into a conforming FNMA type loan (can usually only have 1 FHA loan) and repeat.

If he was indeed getting $2,000  - $3,000 a month on a $200k investment, then that's fantastic! 

It's fantastic that you are thinking about house hacking and real estate investing in New York City.

Rental properties can indeed provide a steady income stream, and it's fantastic that you're exploring this avenue.Here are a few considerations and steps you might want to take as you move forward:Market research: Keep looking at possible multifamily buildings in the Augusta, Georgia region.

As mentioned in above posts you still can build a fantastic portfolio that can serve you and your family for generations to come.

They are Fantastic and have saved me a bunch of money.  

Building relationships with experienced individuals in the real estate community and offering value in return is a fantastic strategy for learning and growing in this field.

Dave Ramsey is fantastic as a commentator, but on this issue the advice attributed to him is flat out wrong. 

Leverage is fantastic when you are young, just starting out, and don't have a lot of capital to work with.