Investing in Manhattan

[Kathleen McCabe]

You're probably thinking, "She's crazy." "Why would she even ask this?"

I love NYC (before you call me out on making an emotional decision, hear me out haha).  Maybe I'm just clinging to the hope that it's not too saturated. One thing I know for sure it that rent is always consistent and if a tenant breaks lease you could replace them in 30 minutes. 

Also - Has anyone ever done a BRRR in NYC? I feel like there is less room for improvement if we aren't talking about a standalone home but I also feel like rents in NYC will ALWAYS go up. Maybe that's naïve?

Also - I'm sure you will suggest looking a little outside of NYC... But I'm really curious about Manhattan itself. I feel like there are many hidden gems with lots of passive income potential.

Thank you in advance :)