As an example, if you think buying a condo and turning it into an airbnb at a later date is something that might interest you, you must do your research into the city rules regarding short-term rentals.

However, you should always do some market research, talk to an attorney, and be knowledgeable about the law in NYC.

Do your own due diligence and research however. 

You should start by researching markets that align with your strategy, whether you're looking for cash flow or appreciation.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Quote from @Tamzen Tocher: Hello everyone,I’ve been interested in getting into real estate and doing lots of education and research.

When you ask a question like this as your first question, all it tells the community is that you haven't done any research on your own or tried anything for even a second.

I have researched the top brokerages in major metropolitan areas, and I'm reaching out to them Via email and phone calls.

Do NOT use it for your down payment on the new home.You should also do some research to map out when rents will rise enough to cover the current negative cashflow.

In my research I've found that there are a handful of developers who are spending big money to renovate and rehab the downtown area and that the Scranton School Board is under new leadership, allowing the district to finally exit from its "financial recovery" phase.