The permitting process timeline has lengthened because of COVID situation so I'd be wary or at least account for that in an offer price.Buy & Hold is generally a less risky strategy as you would hope to purchase at a good price(min 10-15% below current value) and be able to absorb any market fluctuation over the long term if there were to be a market adjustment.These are just things to consider and unfortunately there's no way to say for sure.

Since the 80s, its seen a slights fluctuations up and down in population. 

The other option would be to take the lower rate and take a post closing line of credit (which would fluctuate).  

And while my actual REI strategy still fluctuates between SFR + ADU, or a small multi-family, at least those are some pretty solid options.

There is no loan minimum, and these loans usually come with a fluctuating interest rate.

Value of an asset can fluctuate and have zero impact on an investor, just like the price of a stock rises and falls. 

I sleep better knowing I have some.While gold's price does fluctuate, this price movement has a lot to do with the US currency which fluctuates a ton.

Rental demand fluctuates but is currently very high as people look to get out of NYC.List price $425k, down payment 25% + closing costs $9,000 = total cash $115,250.

Rental demand fluctuates but is currently very high as people look to get out of NYC.List price $425k, down payment 25% + closing costs $9,000 = total cash $115,250.

Political climate not the best, currency not necessarily reliable (fluctuates quite a bit over time), concerned about over-development, and for us we'd be doing short term rental when not using the condo ourselves, and the nightly rates are on the low side so might not be worth it once you factor in the expense.