Consider a new betting game for real estate investors.

@J Scott Seems I have encountered the same problem as a few others in this thread, just finished The Book On Flipping Houses on audible and what a great read/listen!

I think the main problem is to figure out if the property works as a first time house hacker/ investor.

I can provide some real numbers for you, would love your opinion:purchase price: $1,000,000Loan Term: 20 yrsLoan Rate: 0%Rent: $36000 annual, no rent increases over time.Other factors: * Potential to agree for tenant to pay for any maintenance fixes < $10k, landlord to pay for any > $10k* Tenant intends to stay in the condo for 15 yrsLet me know what other info would be helpful.

Next I would definitely walk the property extremely thoroughly, look for foundation problems, roof, hvac, appliances, every sqft of the property should be inspected. 

I think you'd have a major vacancy problem for one.

This is preventing a real estate agent from listing the property which they have a buyer lined up for $480K. 

@Angelo LlamasI recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.

Lets get into the boroughs...QueensThe World's Borough saw a median price increase of 6% among 2-4 family properties sold.

Real estate can be an amazing tool for reducing taxes.