And I realize that I like the flexibility of having purely liquid cash.

And I think the Super Bowl will act as a stimulus in attracting more people and development to the city, and of course it would same thing with Amazon, but yes, this is still pure speculation. 

Namely, I am only allowed to receive purely PASSIVE income from any of my investments.

If you are looking purely at the financial gain aspect, then selling and taking the profit and putting it into other investments (assuming you can find other good investments) is probably the best idea in this situation.

Good afternoon everybody!I'm in process of investigating my next investment property purchase, and would like input based on others  experience. My investment strategy focuses on multifamily properties with little cas...

(Average in NYC is 6-8% cap, can be lower in Westchester due to taxes) Do you plan on living in this property or is it pure investment?

This next house will be purchased purely from the perspective that within one year, it will be turned into a rental property.

I'm a newbie that is just beginning to look at properties to purchase purely for investment purposes, any help and opinions would be much appreciated...

also, going by pure numbers, your initial investment for a duplex would be 120k and rents would be 1200 conservative, which equates to 1% rent/purchase (total investment) ( always see if your deal would work with the most conservative rents, not the gut intuition, because intuition won't pay the mortgage). 1% might struggle to cashflow depending on your expenses and frankly doesnt look like it warrants the level of work needed to achieve that.

Out of pure curiousity, where is it you ended up investing in with that first and now second deal?