Just not within a couple of blocks of this building.There is a convenience store across the street.  

. :/ By the numbers you can probably do better, but will another property be as convenient?

Convenient for all the new nerds (I am one).

So to recap, guaranteed income, responsible tenants, and you can charge a premium (as short lease convenience, similar to the way they do month-to-month renters).

Yup that was the definition of gambling..

I am sure if I paid for a professional appraisal the house would come in around 235,000 (I’m confident in my research numbers) Do you think he was just doing this for convenience' sake?

I will definitely do some research on East New York, broadway junction is such a convenient transportation hub, which is excellent for the renters. 

Supervisors/managers were conveniently out of the office and never returned voicemails that I left.

It is a mathematical fact that if you are buying a rental property in any city where the monthly mortgage payment exceeds monthly rental income, or where mortgage payments along with monthly expenses exceed monthly rent, if any of those scenario applies, a down payment would be only other material method to avoid a negative cash flow situation.You let the investor worry about his gamble on the market going up.. thats not your problem.

So, we took a gamble and sold our home we forced sweat equity into and took our equity and ran west to start over again.