I enjoyed your photos/style.

A friend approached me to help him with a property he inherited from his mom passing where a developer wanted to buy from him for commercial development.The developer after me catching everything in the contract to tie up the property with the seller asked me to work with him on the other parcels as he would rather be working with me than against me assembling the properties.Off I went after that for about 3 years in land development and then went into existing investment properties.I did things kamikaze style and figured them out on my own through the school of hard knocks.In your situation if you are focusing on apartments I would do the following.

Depending on your level of leverage, you should be cashflow neutral after taxes.Oh, and the only harlem neighborhood with a better GRM than yorkville is central harlem and is about .5 less.

You can find deals in safe neighborhoods like this but you have to sift through the properties on the market to find them.

Actually the more I think about it the neighbor could be a real problem for a retail buyer.You have a new construction bungalow that just went on the market for 275k just down the street (more “inside” the neighborhood and not on the fringe).

A little background- 7 years ago when I was 18 my boyfriend and I got our first apartment in the neighborhood he grew up in.

The Fed QE 1-2-3 is a concern and I figure the best we have to look forward to is 70's style inflation.

IMHO, you need to get on a plane and go have a look at the property and the neighborhood in person.

My neighbors who own homes love that I am beautifying the neighborhood and picking great tenants.

You are however getting 8-12% on your money fairly safely though - really depends how much value you put on that.Also - whether you agree with my strategy or not, the MOST important thing is find metrics that suit your style, and do NOT deviate no matter how good the deal seems.