Not sure how positive this would be, the uptick in the market was a factor in the discontinuation, as more investors are becoming active in the area.

PITI of $2400, on property that rents for $2500 is a dangerous investment unless you factored in expenses.

It is a hundred percent wrong. there are a lot of factors involved.

You decision should be based on many factors.

Some agents hit the streets better in the Brooklyn, Queens and Bronx markets, and that will also be a determining factor for you. 

. * Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)* Don't allow for your own independent property inspection* Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)* Require you to pay for any renovation upfront* Sell only in cheap. low end neighborhoods* Don't accurately represent the neighborhood/property classification* Don't have consistent rehab standards for all properties* Don't provide a scope of work for the property* Can't provide references of repeat investors* Require you to close before a tenant is in place

I think that if I were a PM company I'd certainly want to be able to easily slice my data by neighborhood or other factors. 

@Gabriel Graumann has some great advice, but remember that time is a huge contributing factor, to even his success.

., if I rent for 185 days and use it for personal use for 10 days, 185/195 would be the rental expenses multiplier, but does that also factor into depreciation ?

Hi @Tony H. there are a lot of different factors in play here and so I think the answer... depends on what your goals are (although I don't think 1 is a great option - read on).