In my understanding, the barrier to entry in the NYC market is so high and the market itself is mostly an appreciation play, making young people like me who just started out without much experience and capital almost unable to participate.

Housing affordability is a major issue and it's going to need to be an all of the above solution with manufactured homes definitely playing a major role.

The power of real estate is letting the tenants pay your mortgage.

In my spare time, I watch and play futbol(soccer), listen to live music and read books.I will like to connect with fellow investors, who can I can learn a lot from.

I'm not willing to buy anything in a C or D area, so if an out-of-town investor is, more power to them.

Realize TK saves some work but is a long term play as you are purchasing at high retail. 

If your credit score isn't great but a lender can tell you know your stuff he/she is more likely to play ball. 

@Markia Dunn  I was actually thinking about your post today, I should also mention the wholesalers that are playing the auction wholesale game here, are also bankrolled very well. 

. :) Knowledge is power guys. 90% of the "My property manager is ripping me off" crap that is spoken about on this website is because of the investor's ignorance to the actual cost & workload required to run a rental property.

Rest assured the tenant in the BK know all the ins and outs on how to play the eviction game.