Interest rates are great right now, lenders are offering as low as 3.5% in some instances. 5.

Hi Hai,Look for your original money order receipt made out to the apartment.It's always a good idea to staple the receipt to your lease and keep a copy of these things in folder on a shelf (for instances like this.)Good Luck!

I wouldn't rush to conclude that the rich are moving out.Take Jeff Bezos, for instance, a few months ago he bought 3 Condos for a total of $80 Million.I would agree that if you have already established your Property Portfolio and it's doing well now, it will do well in to the future.Unless even small investment properties wind up getting rent regulated, these investments will just skyrocket in value over time since Market Rate apts in NYC will become even more scarcer.I see a silver lining here!

For instance, if I have to have the ocean in my life, I wouldn't move to arkansas no matter the cash flow.  

It was great, I learned to be a landlord, learned about remodeling, while living nearly free.I would recommend house hack to everyone starting out in the industry and specially if you have the ability to use a VA loan, for military personal stationed in Fort Bliss for instance, I have helped people who get a monetary allowance called BAH which is a set amount of $ for their housing needs every month.

For instance, if I said I was going to purchase a 5 million dollar home for my first rental property and all the numbers worked, most, well, everyone would say don't do it!

For instance, where I am in the suburbs of DC it os 0.6%, in the city it is 0.5%.  

For instance, if I was to have $35k earmarked for you to use as a sell option, that you can call anytime, up to some date - then I'd want maybe $200-300 in return. 

Each side adds their own addenda and that gets negotiated out between them.I had an instance a couple of months ago where the seller's attorney tried to sneak in a clause that said that the buyer was responsible for all liabilities (that means taxes, insurance, injuries on site, other liabilities, etc) from the time the P&S was signed. 

Depending on your jurisdiction, too - you may have to do substantial updates to structure to get it up to current building codes (for instance floor/ceiling joists etc)From what you've described of your experience, I'd think this is too much for you.