Hey @Jackie Mcmorrow - I'm a broker and investor based in NYC, I've done deals in Westchester and can talk about whether or not co-ops make sense for you. 

I just heard back from the bank and her response to my inquiry I emailed and said"I'm not finding any information that the adverse market refinance fee is still active, I've only found information to the contrary.Linked article from The Federal Housing Finance Agency mentioning the fee has been done away with as of August 1, 2021"Her response"You are correct, no hit for Cash out on primary residence, that has gone away but we do have adjusters for Loan to value and cash out loan to value along with credit score and 2-4 unit"This is problematic to me on so many levels, why was she willing to increase my interest rate based on her ignorance, who is watching and making sure these lenders are doing the right thing?

Your taxable gain (based on income) would be $68,500 at averaged (13%) = $8,905I'm not a CPA, but this is a rough understanding of your position - hoping someone destroys this breakdown. 

Based on my research, it seems I should be expecting negative cash flow here.

Let’s drop “smarter” from the question and replace it with “doable”.

View report*This link comes directly from our calculators, based on information input by the member who posted.

**I'd really appreciate your thoughts and experiences as I navigate this journey of growing my network and client base.

These assessments determine how much you pay in property taxes, and they're based on the perceived value of your property.

Unless you are Mark Zuckerberg with a super secret underground base and an unlimited budget no one is going to even look at, let alone, sign an NDA to do a quote on a house.

These loans are based on three things.