In today’s market, asking price is usually pretty high and you will find that most properties you find don’t work as an investment property.

It's in a very good area that rents fast.

I wouldn't want to tie up that much cash for $500/mo, because I, personally, wouldn't have enough cash to do another deal, and $500/mo. doesnt get me my cash back fast enough to scale.

I would just wait, it’s pretty fast after the exam and you might cause issues should you not pass the first time.

We weren't reaching anywhere near our marketing budget and the determination was that there just wasn't enough people searching for "sell my house fast" type keywords in our area.

Today at 30 I run a $50M+ portfolio with over 60 employees & thousands of tenants....This business has been very good to me.What are some good tactics or business strategy that you may recommend? 

If you have to pay off a lease that is 5 years old, you could end up paying 70k for something that you could buy today for 20k (I've seen this many times).If the property has multiple meters, and one solar system, well, things get complicated. 

I will send you a note later today, look forward to connecting!

This can certainly happen from raising rents and adding profit centers to the property like storage units, but it is unlikely to keep pace with the 5% to 6% long-term average level of nominal appreciation for single-family properties.Further - Multifamily properties over 4 units require commercial financing, which is less attractive.

I would like to share the information here, and hopefully someone can learn something new or points to a right direction to answer your specific needs.Below is what I learned today: (**Disclaimer** Please use this as a guide only since I am not a professional CPA or expert in NYC tax codes.