Hoping for $325,000 for the build (budgeting for $400,000 with overages).

I started by building a 12-door portfolio using the BRRRR method and self-managing initially.

I’m primarily in relatively upscale buildings which helps minimize my repairs and maintenance.

Since you're open to markets beyond NYC, you might want to connect with local investor meetups or REI groups in those areas to build relationships with agents, wholesalers, and lenders who understand the nuances of each market.If you're looking to break out of analysis paralysis, maybe start by narrowing down one or two target markets and running numbers on actual deals.

Short term rentals are legal when the host is living in the same apartment as the guests and there are no more than 2 guests staying with the host."

I thought you were building to sell.

If your home is newer, requires little maintenance, and doesn't experience a vacancy for at least 12 months, your $300 cash flow can build up a tidy reserve to get you through.

Quote from @Mark Sullivan: Quote from @Tim Delaney: One missing piece of info here is how much cash you have available to invest at the moment.My initial thought was sell LLC B and hopefully you have a few hundred thousand available on top of that to buy the new building.

Hey David, you should consider investing long distance only if you're willing to put in the legwork of market research and networking to build a strong team of property managers, contractors, and deal finders.

We are building a place with HELOCs then after it is built we will finance it and pay off our HELOC, at least thats our plan.