Hey guys,So I've been in the mortgage industry for five years and about a year ago a co-worker told me about how he has four multi family properties that cash flow over $500 a month after all mortgages and management expenses.

Hi, Pretty New REI, but have been Educating myself a lot, Currently Living in NYC but GREW up in the POCONOS, SOLD TIMESHARE and worked in the Hospitality industry for some quite some time growing up.

I'm trying to decide if renting it for a year or two would be worth it for developing some connections in the industry...

I have been loaning hard money for going on 30 years.. not the end all be all.. but I do know whats common in the industry...

I received word back from a credible source in the industry and they said this wasn't really close right now.  

Wondering if there are locals or landlords who could describe the community, job market, and rental industry. 

Where is that part of the industry going? 

Lending is a highly regulated industry and most things are cut and dry with what they can and cannot do.

The trades/building industry or property management will be of the greatest value to you in regards to real estate investing.

We only have to wait to close until rehab is complete or 30 days has passed on title.Our strengths are for buy and hold, 30 year term, aggressive rates, speed of closing(20 business days), only 30 days seasoning on title, no sourcing or seasoning on funds for closing, 75% LTV on purchase or refi, close under personal or business for title, and blanket loans for 3-9 properties per loan (helps clean up borrowers bureau as we do not report to credit/ raises LTV, consolidates payments).