Many people buy in larger cities like this because the paper cash flow looks sweet, but the reality of it, across the board right now - good cash flow equals lower neighborhood class, more variable tenancies, and tons of hidden capital expenditures.

The most helpful reply yet

appreciate you help.

Thank you for checking this out… I hope this information is helpful to you or someone you know in the New York market.If you are interested in 2-4 unit properties in Queens, Brooklyn, the Bronx, Westchester or Long Island, this will give you a sense of what is happening in the NYC metro area.How ‘hot’ is the market?

I have several options to explore in Virginia and was wondering if there are any tools that can help identify the best markets.

Since I'm not familiar with the area, looking for any info that will help me make the decision to purchase or not.

Property is in the best neighborhood in Denver, and it was funded with some cash I had and a hard money loan.

Despite good valuations on the appraisal, traditional banks were only willing to lend construction debt 70% LTC because of the commercial exposure with a 4% year one pre-payment penalty and an interest rate of 9.5% as most bank construction debt is currently priced whereas I had an alt. lender willing to go to 82% LTC at 12.25% interest and no pre-payment penalty (the contract price was $1.73M and appraised for $2.1M which helped with the leverage). 

We still need to send the business plan to one of the private lenders who we have been talking to and who has been giving us pointers helping us along the way as we are new Real Estate Investors. 

Not sure if it would help with the anti-commingling?