This is the breakdown:2 tenants on month to month leases ~$250-$350 less than market1 long term tenant (15yrs) is now on month to month lease and is paying $1500 less than marketAfter consulting with a couple of people and doing some research, it sounds like anything over a I should apply banking rent raise and submit a 60 day notice (all of these units fall into that category).

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

@Kenroy BernardTo acquire a multifamily property in Long Island, develop a VA Loan Strategy, obtain pre-qualification from a lender, factor in renovation costs, conduct market research, build a team with experienced agents, network with investors, strengthen your business plan, expand knowledge through tools, and take action by searching for properties, attending open houses, and setting a closing timeframe.

At that point, it's worth researching and finding a solution that better meets your needs.

As a good son, I would spot check the property managers' projections by doing my own research on VRBO/Airbnb/AirDNA to see what I think similar rentals are doing. 

Would I need a license for that with wholesale or could I be written as a researcher/ consultant fee in the underwriting?

I love to use AnswerThePublic.com to start the keyword research and implement something in 1 day.

You have to do your own research and form an investment thesis.

However, I'm feeling a bit overwhelmed by the sheer number of markets and the endless research involved.I’m reaching out to seek your guidance on how to take that first crucial step in my real estate journey.

I've seen people jump in with overconfidence after doing minimal research, thinking they can make quick profits.