You are entering a grey area regarding accommodating for medical reasons that may  negatively impact you down the road.

If your calculations on expenses or vacancy are even a couple of percentage points off you are putting yourself in a position where you may end up cash flow negative.

The sample property you gave is negative cash flow once, or maybe cash flow neutral under absolute best case scenario, once you add in realistic PM and CapEx fees.

They'll be less dramatic than California cities in the negative cash flow department, but they'll still be negative for the most part.

You're allowed to ask for a statement from their physician and you are allowed to evict if you see negative behaviour from the dog.

When a investor must park cash to "create" cash flow they have purchased a property that has, and always will have, negative cash flow.

Don't listen to the negativity from those who have never made any mistakes.

If there is a market downturn in the short term, whoever buys there will be in negative equity.But in the long term (10 years from now), they will be worth more.In summary, Waterfront area in Weehawken is a speculative market, it is not for investment in my opinion.You can make huge return in the future or find yourself in hot water and not being able to sell when comes the decision to do so.But again it is a great to place to live in.Hope it helps.

Those go for 4 to 5 caps and usually foreign buyers purchase all cash as they want to get money out of their country and only get there maybe 1 to 2 percent to a negative return.If you are buying a Mcdonald's then it is not a vacant building.You would have to tell me your situation to expand further.

Do you think being an RE agent has benefits or negatives?