Lower-income renters tend to generate significantly higher maintenance and turnover costs.I thought the same thing.Paper figures always look great but real life is different.If I get any one of our investors 8% net net year after year, I pop the champagne.Not an easy feet at all...

This is a 7 year old thread that you just brought back to life.

I can see through DOM the contrast between those struggles and the lease ups of the better located single families in the area.I cant say with certainty this applies across the entire city but what’s known is the fact people are getting married and starting families later in life than in the past, young people have more debt than ever before thanks to student loans, the cost of buying ahome has never been higher & most  families decide to move to the suburbs when they have school aged children.

- and finally once you do this, realize it will never even be close to how it actually plays out in real life, but it can serve as a guide for what sort of money you may need to save up to try and actually accomplish something like this.

Realtors are the same percentagewise as any other profession, whether it be doctors, lawyers, contractors, you name it. 10% are garbage80% are average10% are pros If you can find the last 10%, go with a Realtor and make your life easier. 

In today's day and age of social media, the Internet and super catchy reels and videos, attracting your attention to higher returns, promising life changing strategies and tips on how to quit your 9 to 5 job; A lot of people really neglect what real Real Estate investing is all about. 

When you add books + podcast, your time in the forums here learning, AND in-person networking and relationship-building with real-life real estate investors, you will gain more confidence in the reality and soon be in the starting lineup.

You live in NYC and are close to so many areas where you can make a more sound multifamily investment.Most of my holdings in my life have been in NY and the landlord-tenant laws never were much of an issue because of how I chose tenants, but it's certainly a consideration.

A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

Jackson MS 80% of your rental pool is on some sort of subsistence Portland maybe 15%Jackson life long renters ..