Hi Isibhakhomen, it's going to be hard to find an cash flowing LTR in the area you're looking unless you find a creative financing opportunity or take over someone's mortgage. 

My property manager is still taking out Franchise tax monthly and I'm neg negative $200/month and I don't know what to show them to stop them from taking that franchise tax from my proceeds.1) Do I have to put my property to my WY statutory trust as I do with my other state properties to their LLCs?  

To become a successful real estate investor, learn through books, find a mentor, start small, diversify, set clear goals, stay financially prudent, obtain a real estate license, encourage persistence, take breaks, and celebrate small wins.

I could also take the money from another source, but wouldn't be able to carry the 2 mortgages on personal loan I don't think.

So, I want to buy this house with a conventional loan as a primary home to house hacking and take advantage of the separate meters and all of that.

All of the tenants take very good care of the place. 

Before you consider transitioning out of your role to become a real estate investor, get your first property under your belt and you will know almost immediately if the demand and drive it takes consistently is the right place for you to put your focus more regularly.

The sewer company tells me that it's covered however, they need to file for a permit to dig through the NYC DEP (manages the water and sewer lines) on Monday morning, citing that it may take several days.   

After six months on the market, we received no commucation nor any potential tenant inquiries which we found to be extremely strange given the good shape of the house and pricing.At last we decided to take the property back. 

They transact quietly.3) Similar to above, I know of a few people that have been asked directly by their lender if they have interest in taking over a nearby property for just the loan amount.