While you are not required to have a property manager for your long-term rental (short term is a different story), you can only handle administrative functions such as making phone calls, paying bills, selecting a contractor, etc. and must be completely hands off. 

Specify whether those flex areas have a door for privacy so they can function as a true bedroom or not. 

One relative was in a group home and she had schizophrenia, she was fully functional in the community her group home had basically some daytime supervision and 4 residents living on their own.  

Business forms usually near downtown or a particular area that's generally centrally located to popular functions and the hub of the city. 

Your total return is a function of cap. rate, appreciation, and leverage.  

I do understand that rental properties are a function of appreciation but wish to know what would be the best methodology to understand the overall negative cashflow to asset appreciation ratio or a metric to benchmark it against e.g. % appreciation YoY.

The BP forums are a great place to connect with local RE investors and other good points of contact to have.I'd also recommend using the BP Search function to look up topics or people of interest.Depending on your budget, you may have the most BRRRR opportunities ~60-90 minutes outside of NYC (i.e.

Search for past threads by going to the search function at the top right, selecting forums for the search, and typing in Evolve.

Safety and functionality can also be attractive. 

The online payment feature was broken for a few weeks but is now functioning again.