She has no savings and no investments (yes, I know, we are working on fixing that) but fortunately she has no student loan debt or anything besides her car and credit card payments mentioned above.Now, I'm aware of some on the low and no down payment options for her (FHA, USDA, I'm almost positive she can't get a VA loan but I'll double check), but the sticking point would be the monthly payments.

The price of the properties could impact your next move.2) What kind of property are you looking for?

I guess I'm asking what would you more experienced  gentlemen and ladies  ask a realtor / broker in this position .

One week ago I made the decision to leave my W2 job and pursue a position as an independent contractor, full-time investment mortgage broker.

Well because I could not commit to acquiring my first property with the remaining time in the year, I’ve committed to analyzing 2 deals a day to post on the forums here.It will allow me to gain knowledge and advice from experienced investors and also give other investors like myself (or soon to be investors I guess) an opportunity to contribute as well.Even if they haven’t done any deals, they may know how to avoid common mistakes while analyzing that they’ve learned since they’ve started on their path to REI.I know it may not be much, but I’m really hoping that others in my position feel inspired to contribute more than the normal “Hi I’m a new investor looking to learn from everyone here on the site” and those more experienced are still willing to share their experiences.Thanks everyone.With that being said:Property #12-unit Property in Queens, NYEach unit is a 2br/1baAnticipated gross rents: $3.8k/moOperating expenses (per month):- Vacancy: $190- Repairs/Maintenance: $35- Taxes: $300- Insurance: $133.33- Property Management: $190 (did this at 5% of gross rents because I can manage the property myself but I’d like to set aside a portion in case it makes sense to transition to management).

So many properties numbers look great until to realize the impact of being one street to far and have triple the water costs.   

That can be a strategy.However, if you look at the way rents move here in NYC, if you buy a cash flow property that does not move up in cash flow the way your NYC rents will, you might find yourself in a losing position over the years.As an example, a building I bought in the year 2000 had 2 studios that rented for $500.

Doing so may give you an equity position in your current property that you can use to roll over into the purchase of another property. 

(yet) But if I were in your position, I would be sceptical of renting to anyone that doesn’t have a bit of skin in the game.

Good luck and congrats on having the wisdom to be in this position.