., with high appreciation, you can use cash-out refinancing to buy additional properties with minimal additional capital from your savings.Lasts throughout your lifetime: For your tenants to continue paying similar rent, they must remain employed at comparable wages.

I would do some research on comparable properties to figure out the best pricing. 

I used to work in the area, not personally investing there, but I have helped handfuls of investors secure financing in Dutchess and Ulster counties, I do know it’s seeing some heightened interest from investors due to its proximity to the ever-expanding NYC and relatively lower property prices compared to alternative areas.

Take for instance my B+ located quadraplex consisting of 2 Bedroom units in Philadelphia that rent for just shy of $3,000/m and compare my building to the nearly identical quadraplex building in a C location in Philadelphia were the rents are $1,200/m. 

So, for foundation, electrical, plumbing etc I would assign very little additional value over the comparable remodeled properties.

I know nothing about Airbnb's so considering an Airbnb compared to a lease on a SFH.

It’s not a bad idea to get a quote from them and then compare it to somewhere else.

The fee should be relatively small compared to the investment in a meaningful direct mail campaign.You may also want to chat with a few title companies about what kind of transactions they'd be comfortable with.

Reason being - conventional financing is way more favorable compare to FHA when it comes to competing offers.Fannie/Freddie is offering a 5% down conventional loan product on owner occupied small multifamily properties as of Nov 2023.

The property prices are lower compared to other markets, and the rental demand in certain neighborhoods can be pretty strong.Let me know if you need any more info or if you'd want to chat further about this!