@Baqer Sadiq the best way to get started is to network with others in the industry that are doing what you desire to do.

I think if you're going to buy there, a house hack (i.e. sharing your place via long term tenant or airbnb) in a solid & desirable area would probably best justify a purchase in NYC. 

As to the seller and their desire to simply take a touch on the back end, please please please get those expectations in writing! 

Apparently, there's been some talk between Google and Facebook about their desires to transfer that system over here to America.

1) the clientele are more desirable to work with 2) i make $400 per door after piti payments 3) they will be easily salable if I change strategies 4) they are SUPER easy to manage (rarely get calls for fixes; etf payments; escrow) 5) they are so hands off (after initial repair) i can go on vacations and spend lots of time doing what *I* want when i retire.

Thanks @Brian Van PeltI can keep expanding my radius, however they no longer come with the acreage, are in an older part of town, and aren’t in the desired school districts that this duplex is.

I recently found a burned down house in a very desirable neighborhood.

Use the loopnet strategy to find brokers that have the most listings in the market you desire to be in.

IT might be a desirable rental if a school that offers those majors is nearby. 

@Sean McClureHi Sean,Here are my thoughts on this.If it were mine (excluding trying to pump the appraisal from the question because it's an owner/operator SFH vs flipping it).Overall, I would be concerned with not over-improving it for the amount of rent it will attract.First I would figure out the minimum that needs to be done to attract the average rent for the area (base on what the competitor rentals have that are getting that rent), and what (if any) modernization's (wall color, 3-prong outlets, Carbon Monoxide detectors, etc...) need to be done (to make it safe, and desirable to an average tenant in the area), then decide what "Hardening" needs to be done to it, to make turns, maintenance and ownership less costly.Good Luck!