Even if you have to pay for one directly, it'd be well worth the cost in peace of mind.

To be direct, I don't think the FHA program works in such a competitive environment as NYC.

This is a different environment than the past few years when the spread between the shorter and longer term bonds was very tight, even inverted. 

None of this takes into account eviction moratoriums etc. we have in our current environment.

There's a math section on it, and I studied for it, and for the first time, really, I made my peace with all the crap I went through in high school math.

I think the most important piece at the very beginning of your research is finding out the regulatory environment for where you want to purchase.

Keep the property in hope to generate some money in future or sell the property due to negative cash flow.Property location is very hot, almost $0 vacancy cost, low HOA, peaceful neighborhood, diverse city, stable economy.Note: Total expense includes (Monthly mortgage, Taxes, Insurance, HOA, Property manager Fee, CapEx, Repair, Vacancy)Any help is appreciated!

I have seen good syndicators embedding higher exit cap rate environments in their prospectuses to lean on the side of caution as well so that is a potential double whammy . 

They completed their entire 1 year lease term and left peacefully.

There’s your strategy, find a distressed, buy & hold 1-4Fam that needs a little work so you can add some equity and cushion for peace of mind.