After discussing their goals, we realized they would like to maximize the property's value while also including me in the process, given my background in general contracting.

I reviewed the SB9 legislation, and it states that properties occupied by a tenant in the last 3 years are excluded from SB9 but only if the project includes demolition or altering more than 25% of the exterior structural wall.

Your calculations should include utililies and repairs, legals, snow removal, etc.

FINCEN will administer this.Who is Included?

Main benefits to this strategy include:- Low down payment options (as low as 3-5%)- Acquisition experience- Property management experienceThe NYC metro area has nearly 2,000 available 2-4 unit listings on the market.Other new investors consider the BRRRR Strategy.All the best to you on your journey!

First, the $316K w/study seems a little light, and I would interested to see some more details on what they included in their 5,7,15 year asset classes.

There are a bunch of great investors who are more than happy to share and network (including myself). 

Here's an article with FAQs including the cost of a study.

Its pros include streamlined property tracking, access to owner data, automated direct mail campaigns, and team collaboration features.

They even show a 16th victim and notate that the authorities are not sure so they did not include it.