You will rapidly grow in your 20s, and so will your salary, but if you learn to live efficiently then it can be a great boon to your investing.

They had an increase of 3%.

I think consistency is more important that frequency if we could start doing it once a month that would be great, and depending on the level of interest can increase frequency or break out subgroups for different Boroughs, I myself live in Queens and wouldn't mind starting Queens, Brooklyn and Long Island subgroups for example but let's start with the general NYC group and see how it goes?

I used to be a 'find the deals in my local market' guy, but recently, the price increases in my local market have destroyed any deals to be had.

These ask for a lot of renovations in order to increase their lifespan, but it is manageable...Except for one thing that has left me mesmerized: ceilings.

Also the area that has potential for appreciation is likely in higher demand, meaning you should have less trouble renting it out which translates to lower vacancy and rising rents over time, whereas the cheaper properties you may not see any rent increases and possibly even rent decreases in the coming years.It's hard to give a firm answer without all of the facts, but I would lean towards peace of mind and ease of management over an extra $50-$100/month in cashflow.

I was hoping to get some experienced investor opinions regarding the concept of receiving less cash flow( but still positive), for the potential of a huge increase in value not so far down the road.

Room for a little revenue increase and can back out 6 % for management in those figures.

You will also be subject to the whims of future policy increases which may adversely affect you with respect your competition.

(cost is to high) however, this makes a much better market for long term rentals as property value is rising and the city is growing at a rapid rate with a high demand for rentals (all relative to where I live).These things helped me to decide.