NYC! advice on flipping/wholesaling/holding

[Ilya Presler]

Hey community, Im 23 years old and Just starting out in REI for about 4 months.. The first 3 months involved alot of researching, books and podcasts. Last month a partner and I got our first multi family unit. We are renting both units out to tenants. Realizing that NYC is a tough tough spot to do alot of flips mainly because the cash flow is so restricted on these high priced properties. Do any of you guys have any advice on the best way to tackle on the NYC market whether it be wholesaling, flipping, buying holding? Or any strategies as to how to do business out of state. Im just a beginner so i dont know how much trust i would have with an out of state property manager? All criticism and feedback/advice greatly appreciated !! Thank you Regards Ilya P