Based in NYC w/ $100k

[Account Closed]

Hi All,

I've never posted here before, so apologies in advance as I am sure what I am asking has already been discussed. I've been searching around and reading a lot of posts the past few months, which have been incredibly helpful, but the best way I learn is to ask questions.

This is where I currently stand, and would love to hear some ideas. My ideal situation would be to invest in the NYC real estate market, but I feel that might be too expensive for what I am willing to invest at the moment.

Situation: Currently looking to invest around $100k in a rental property(ies) < 3.5hr drive from NYC

Goal: Cash flow positive from day one, with ROI of no less than 8% (can I do better?). Appreciation is distant secondary goal

Investing Style: I am very much a long term, bigger picture, investor. I have been investing in the stock market since 12 years old, and buy on the dips and sell on the highs.

Management Style: I would likely hire a management company if the distance is too far away. I work a stable and well-paid 9-5 currently, so I cannot realistically commit more than ~5hours/week to the property (does that seem like too little of a commitment?)

Strategy: Based on what I have ready, MFRH seem to be my best option that aligns with my goal. But I am certainly open to other opportunities should they present themselves.

Let me know if I am missing any important details, and thanks in advance for taking the time to read.

Best,

Jared