Andy, Are you saying the water is charged to the tenants as a component of their rent?

I would donate 10% to my favorite charity/church.I would pay off any personal debt that I hadI would add to my emergency fund to have a minimum of 8-10 months reserves The remainder would then give me my foundation for determining which direction to invest and I would prepare a shortlist of my Top 3 prospective investments and then research each of them and their attributes and pick the one (s) that meet my defined goals the best.

A Solo 401(k) is a simplified version of such a plan for owner-only businesses.IRA's have low contribution limits.  401(k) plans have high contribution limits.The retirement component of these plans is the same whether the plan is in a conventional bank or brokerage and limited to investing in financial products, or if it is self-directed and therefore able to invest more broadly.Both IRA and 401k plans can be setup in a self-directed fashion and invest in real estate.

I say well I'm trying to schedule showings, I have some other's looking so depending on that I'll get back to you to set a time. and either I decide to call them back or work with the next caller that has a more defined time line to what I need...

Scott McMillan True definately need to consider it,if i ever plan on getting a corporate job.Ceasar Rosas I never really explored the bronx but definately going to give it a look.Eric LiDmitriy Yeshin Im looking into nj as my first investment since i have a starters budget and nyc is on fire.So if i find a condo in nj that i want to rent out, to get a loan do i need to do the 20 percent down payment from a bank for a commercial loan since its a property for business.Second i dont have w-2 tax returns since my business is mostly cash,Would i have a hard time getting say an 80k loan even if i have a 25% down payment.

Interview some realtors and find one that you can work with to better define your goals.

It's a people game, find someone you can work and define some goals.

I had a loosely defined plan of living there until area rents rose enough to support the mortgage then renting it out.

Defining how you are investing is key in having people give advice.

in other words, best case is defined differently for different people.