You can still find the 1% rule here, and with all the revitalization and new construction I think things will appreciate well, especially in the next 3-5 years as there continues to be growth.

I would stack cash while looking for a value add opportunity on your current place, or stack cash and continue to analyze deals.

Sergio,In my market, I rehab continuously. 

But the cynical side of my brain knows the worst flippers out there will find a workaround for it and continue delivering low-quality flips to unsuspecting buyers. 

For example, you must search for new suitable tenants and continue to make monthly loan payments.

Or maybe the software(s) I've used don't really generate much fluff, haha.Just my way of setting someone up to be the best prepared they can be, even if our relationship doesn't continue to the next year for whatever reason.That being said though, I think there is a bit of a stigma when it comes to # of pages on a tax return and complexity.

@Jackie Liu you probably have enough info to deny their application, but if you want to continue to try to approve:1) Ask applicant for copies of their lease(s) to support they've been there for 4 years and who PMC is.2) Get 2023 W-2 to see what address is on it3) Ask them to obtain and provide you with their FULL electricity account history.

During my meeting with L&I, I learned that the application will continue to be sent back for revisions each time an issue is found, without full review upfront.

If there are any NY market stats/comparisons, you'd like to see in the future, post a reply or shoot me a PM.Below is a quick Q3 comparison between this year and '23 for Suffolk County:Summary:- Single Family values continue climbing- Multifamily Properties are selling faster than last year - Market activity (sold properties) has remained steadyMultifamily sale prices have (slightly) dropped despite sales activity remaining similar to Q3 last year.

Continued success,Mike