I am based in New York and my partner (a family member) is based in Pennsylvania, but we are interested in acquiring rental properties in Ohio.  

I essentially grew up in Upstate New York, so never actually been to the Bronx.

I want to do this in Rockland, Orange, and Putnam Counties in New York State and close-in areas near me in New Jersey.

Also, it’s a management hassle already and no professional MF property mgmt company will want to manage a 5 plex unless you’re in San Francisco or New York City.better to improve it, increase rents, cash out refi it, then acquire an actual commercial property that is much larger than 5 units.  

We operate between Buffalo and Rochester New York

Hey everyone,I'm in North York, Ontario and have been dabbling in the world of real estate for a few years now.

New York City.  

Coming from New York, the Florida market is still relatively inexpensive to what I'm used to looking at for most line items except insurance.

IE cap rates in New York are much lower than cap rates in Atlanta.But your calculation is pretty much yield - You could do the same for any fixed income investment.

You wont.I am the adviser/consultant/agent to an investment fund centered on new york assets.