@Bjorik Mutize , thank you for your response , and what bought me to foreclosure was that if some people would just realize the power that they have of reliving someone from their troubles, and then switching it into a profit , it’s like killing two birds with one stone , sure it’s not easy because with foreclosures come with being careful with the title search and making sure there’s no lien and ect , but if done properly it yields a huge profit. 

For comparison, the national inventory is at a 3.5-months supply, according to NAR;Townhome/condominium sales fell for a seventh straight month – down 9.2 percent, with the average price flat at $211,241 and the median price up 2.8 percent to $174,750;Lease properties staged another strong performance as single-family home rentals shot up 18.4 percent with the average rent unchanged at $1,746;Volume of townhome/condominium leases surged 16.7 percent with the average rent up 2.0 percent to $1,530.

Perception is very powerful and this sounds like you are being cheap on security guidelines and your education.

If I include my husband we could get more on the HELOC but it seems we could have more buying power if we purchase separately. 

In winter time, you might check the utility company that powers the furnace once in a while to be sure there is heat so that your pipes don't freeze.Some jurisdictions require you to be responsible for the bills if the tenant does not pay. 

Super ballpark: Each ~$1500/mo of rent will yield ~$75k of buying power. 

I know that potentially buying the vacant home from the city is an option; however, I don't have the cash or the will power at this point to try and figure out how to buy a condemned home, fix it up and turn it around.The property I have under contract is in great shape for the area that it is in and having assumed that there wasn't a vacant property next door I estimate it would have rented for above average market rent.Here are some of the deal numbers to help give some more context.Purchase price: $70k20% down at 5.25%Only upfront cost put into property would be a couple of appliances (~$500)All-in for ~18k estimating $3.5k closing costsReasonable estimated rent: $850/mo (under circumstances of normal home next door)Cash on Cash ROI: 8.7%Cashflow + Paydown ROI: 13%Any advice, comments, constructive criticisms would be appreciated and helpful.

Thoughts on power lines and property values rentals. 

(My BiggerPockets super powers give me the ability to tag anyone, but you have to be colleagues with them before you can tag them.)

I'd like to network with like-minded New Yorkers to make some power moves here in NYC.