I used to live in DMV as well before I moved to NY, I live in Queens area NY and I am doing REI, I have a great money machine with no hassle property in Winchester NY, No need and repair and there are a good tenants who are already living there so there is no more money or time you need to invest aster you bought it, just start collecting money....Right now it is generating 12K+ a month.

Refi the amount that makes sense based on what rent you can collect.  

I would not rely on what the seller is telling you, unless he can produce the background checks and credit checks reports for you from these tenants if he collected it in the past. 

@Chris MooneyJust like everyone said above, if it isn't in writing it practically doesn't exist when it comes to real estate.

Get another job, if you can't get another, work on getting a better job, focus HARD on it without distractions.. sell everything that collects dust, sell your unused toys, trade a fancy car in for an older one.. get sidework, work freaking HARD.

I could have started collecting at age 55.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

I have been a practicing physician for 29 years.

We both have spent the last few months reading and listening to audio books and know that investing anywhere in NY isn’t practical for us.

Hi, my rental management company collects one time non-refundable pet fees and monthly pet fees from the tenants.