@Cindy Truong Poughkeepsie has become a hot market for investors but keep looking. There are deals everywhere. I would suggest you connect with wholesalers like @Eric Hrlbock and go to meetups in NYC or in Poughkeepsie if you can make the trip. I believe multi-family will give you more cashflow because they are still in the $200k - 250k range. However, single family homes may be more desirable to families especially if they're on Section 8 or any other assistance programs. Therefore, they would be easier to rent and less in utility/maintenance costs. I'm looking into possibly investing single family for my next deal. @Stephen Loguidice is right, there are more jobs coming to the area thanks to the Vassar hospital expansion so hopefully that would bring better quality tenants, stimulate the economy there and increase property value. Keep us posted on your journey to buying your first investment!
