@Theresa Harris to your point if it was closer to $500 a month that would be easier to swallow since it would the difference would essentially be going to principal.Another detail I didn't initially mention is that we intend to move back to the Denver area in 3 years (once my wife finishes her professional degree)... obviously a lot can change in 3 years but we do really like it and have family ties here.

I like to let prospective clients know & reiterate to current clients that it will not cost anything from me since the sellers side will cover my compensation on purchases & they'll get free essential coaching throughout.On the backend, helping with marketing, coordinating on leasing & sales is important.

Definitely think the sewer lateral scope is essential in any case, but we can get that done for a hundred bucks .  

It isn't for tenant essential repairs.  

I get heat for standing by good, solid, tried-and-true underwriting principles which include not over-leveraging and being less aggressive on less experienced borrowers, but we have to first protect the downside risk to the portfolio.

You’re essentially fronting principal paydown, escrows, and closing costs to free up about $600 per month.

Her family essentially stole her identity and used information to apply for credit cards/car loans under her name and SSN. 

If your property is not in the top 10% of buildings or in a highly specific, desirable location, it is a safe assumption that you will be competing for a different tenant pool than the one you initially envisioned.The takeaway for investors is clear: Realistic tenant expectations, grounded in local economic data and a clear-eyed assessment of your property's features, are essential for sustainable and profitable real estate investment.

Once you factor in vacancy (call it 5-8%), maintenance (another 5-8%), and cap-ex for even a newer build (2-3% for things like HVAC and roof down the line), you're essentially at break-even or slightly negative month to month.The upside though is that $60k is buying you a locked-in rate that's 3-4 points below current market.

In NYC, process matters more than principle.