The property tax savings are going to be in the ball park of 40-60%, but to be safe you should double your expected repairs budget when calculating the NOI.If you have any other questions, or want a more in-depth response, I would love to help!

This experience can help you scale your portfolio over the next few years- Local properties appreciate faster, which allows investors to reinvest their equity into more local multifamily units OR other markets where the cost per unit is lower (i.e., Philly, Upstate NY, etc.)The Bronx is arguably the best borough to consider the househack strategy.

I'd be happy to chat and help you run numbers and answer any questions you may have about. 

Things that would be helpful to know: how much are your holding costs? 

Quote from @Jackie Lin: @Alan Asriants thank you so much for all the information and tips, so helpful!

Ensuring your rental market can sustain these costs will help maintain profitability over time.The 7% DSCR loan is relatively high, and refinancing later at a lower rate could improve your long-term cash flow.

If you ever need guidance on financing options for flips, rentals, or new construction, I’d be happy to help.

Hopefully that helps! 

My wife and I are extremely thankful to you all for helping us take this next journey in life. 

Hope this helps.