Now that you're financially more flexible, I applaud you to turn your attention into investing.First, I'm assuming you are referring to 5 or more unit properties, since income based valuation is largely irrelevant when it comes to 4 or less unit properties.

(if you would like to learn more about how we find, and track off-market deals check out https://www.biggerpockets.com/forums/311/topics/556219-flip-in-the-historical-district-of-downtown-tucson ) Once under contract, our construction team put together a comprehensive estimate for the remodel and our investment team began running a financial analysis and a market CMA.

Won’t change much of ur financials, but good to get it all covered.

The only Midwest investing that makes financial sense for most CA investors is true MF (properties with large number of units). 

I'm seeing a financial planner who will help me model different scenarios after he inputs all my financial data.

This is a good place for financial advice.

The issue with TK is that when you only cash flow $100-200 per month you are inherently putting yourself in a financial strain in the event something goes wrong.Being able to only net $1,000-2,000/ a year is making everyone else wealthy except the actual investor/risk holder.

The sellers that want to capitalize on the market will likely have a challenge finding a replacement property that financially makes sense/worth making a move.There is a lot of opportunity in the RE market, not just being a buyers/sellers agent. 

Do you recommend any financial planner/advisor in Bronx or Manhattan area?

However, I do not go about telling other investors to avoid such investments or make blanket statements that all advisors associated with conventional financial products are just out to make a buck and do not have their clients best interest in mind.