Binghamton is starting to see new business coming in too.Where I live Ithaca, NY prices are going through the roof.  

Your best security is your neighbors , they are right there and see whats going on at your property .   

Just adding a little $0.02, outside of what he said, most banks are not going to be your friend when it comes to this type of construction, or any for that matter. 

I specialize in small multifamily properties and house hacking working alongside BiggerPockets podcast guest Andrew Freed to help investors find high-performing deals in Central MA.My Background:  - Started in late 2019 I utilized an FHA loan to get my first 3 family property in Fitchburg, spent about a year fixing it up and soon after I refinanced. 

This will help attract more business to the state, keep it coming! 

So low cost, low risk in my opinion which is why is it generally my first choice After those I would go HML/PML - this is likely going to be your highest cost loan 

I am going to wait until rates drop a decent amount and sell my former primary, which is now a rental, at a premium.

Same with areas along N CHS along the rivers - there are major developments going in on both riverbanks.

Do you want to be an investor.

Keep in mind studios and 1 bedrooms tend to have higher turns.