Each account has the potential to lower your taxable income.

I have a vehicle with a bank loan and was wondering what you would do in my situation..Should I sell it to lower my DTI and get out fromunderneath the monthly payment and monthly full coverage insurance payment so I could proceed with another deal in the next 6 months?

You would not believe what talkitive listing agents will tell you, even about other bids, price, whether the seller is willing to take a lower offer, WHY are they selling and what is their must sell by date?   

Specialize in the lower priced, higher hassle asset class like Jim, or stay out. 

Volume also lowers your cost and gives you access to better contractors.

Many rentals have lower end finishes.  

From the lower hudson orange county area all the way to the capital region of Albany.

However, I can't make these numbers work even if I lower purchase price by 20-25%.Is it possible that property taxes can be so high in a particular area it's completely infeasible to turn a profit off a rental home?

Seems like the only way we can up our Cash on Cash is to calculate the purchase with a much lower down payment... but we want to sink our own cash into the deal. 

Returns are lower and fees can get you but it's an option.Another option would be to do a complete 1031 exchange into a fractional debt free TIC product.