Hey guys, I'm currently scouring Zillow, Streeteasy, etc. just as a "dry run" of searching for a property in the Brooklyn/Queens area.

The listings are dry right now.

There are lots of ways to skin this cat, but keep in mind that overleveraging your investment adds an extreme amount of risk to you and your investment and it also hinders the cash flow as you have more debt to pay each month.

While the tenant was leaving, I guess they were in a rush so the furniture put holes in the dry wall, broke a ceiling fan, broken doorknobs, and damaged the siding of the house and gutters.

Buy somewhere where you can long-term rent if you short term dries up. 

I'd be on the lookout for good deals, the opportunity to lend or to simply keep your powder dry.   

Some lenders do allow this, but will still require that you provide a certain percentage of the down payment with your own verified funds... skin in the game.As @Charles Carillo pointed out, if you are forming a new entity, do it as partners and make it easy to source from the investor's account. 

From 2009 onward, the housing prices were driven by income growth as well as historically low interest rates and massive money printing, but not by new loan options as lending became much more restricted after the Dodd Frank Act of 2010.In 2020 massive changes took place that fueled housing price growth yet again: the supply was restricted as sellers became less comfortable going through traditional selling process and material and labor availability dried up, and the demand increased due to massive stimulus programs, M2 money creation and another drop in the interest rates.

My concerns are the 0 down, which leaves me nothing to go buy something else, and with them losing money every month, and having no skin in the game it leaves the possibility of a tenant trashing it and they walk away and leave me having to foreclose and rehab the property.

They had to use about 10 blower machines over the next few days to dry the unit out.