it out, Best answer? $50,000, down payment isn't realistic for me, should I take out a zero down payment loan.
HOW MUCH SHOULD I RENT IT OUT FOR.

3 BDR COLONIAL, NORMAL HOME
Nassau County, New York, suburb of NYC

i would try to fix it up and resale it

Sorry, but because of the very high taxes in Nassau, you will not be able to find a cash positive deal with the numbers you mentioned. Your best bet is to look in Suffolk. You might be able to do better in the Mastic / Shirley area.

If you want to stick in Nassau, you might be better off trying to buy, repair and flip. With that, before you do so, you might want to read the following link:

http://www.propertyanswers.org/thread/135/Flipping-Houses-Can-I-Make-Money-.html

how much rent does that type of house go for in nassau? $2100? 2500? at zero down payment on a 500,000 plus fix up expense the mortgage could be around 3750 a month and that does not include taxes and utilities.

If you are interested in several different loan options feel free to check out www.restructureyourmortgage.com and submit your contact information a certified mortgage consultant will contact you imeediately. You can also contact me directly if you want to discuss this further. We work with alot properties in long island in towns such as great neck, douglaston, littleneck, etc.