We ended up starting to pay rate three or four months later, which even that was severely discounted from typical prices in the area.      

A little background about myself, I am an engineer for an aerospace company in CT. During my "spare time", I enjoy playing/ watching soccer, kick boxing, traveling and reading books. Like many of you, my aspiration to...

This means that the remainder of the interest I owe my investor would have to come out of my pocket.   

Welcome to Bigger Pockets, @Chris Sullivan!

So enters the business mindset and philosophies of Robert Kiyosaki plus the pivotal discovery of the Bigger Pockets podcast / website which I am now an active pro member.

https://jalopnik.com/nycs-subway-is-falling-apart-...I'll leave this here... an interesting article from one of my favorite websites, other than Bigger Pockets.  

I’m new to bigger pockets and I’m eager to get your thoughts.

I only really know Fort Lauderdale and pockets of Hollywood. 

working backwards from 1% the property should be in the 340K range to be in the ballpark.  450k is overpriced.Keep looking, and doing the math on every deal you see to get used to the numbers.also, do the numbers both ways  4 x 850 (to see future investment cash flow when you move out), and 3 x 850 to understand how much out-of-pocket will your contribution to the mortage be (if any).don't forget to factor in property management cost, even if you plan to manage it. 

I purchased three 4plexes with lots of boiler issues, but I didn't account for that cost when underwriting the deal, so I had to pay nearly $20k out of pocket.