They would be inheriting this large RE empire. 

My question to you is: if you were in my shoes, would you search for new properties to invest in (rent out) or would you focus on building a management/business empire?

Seems like you made up your mind already, just need a confirmation from someone who got sick of his marriage, filed divorce, then went on building an real estate empire, happily ever after.I am sure there are people like that, except the happily ever after part. 

I believe you live in NC which also has some cities with similarly priced Multifamilies.In fact, I know investors who live in Miami, Florida and Ft Lauderdale who are investing in North Carolina, just because the numbers are better.What I am getting at is that in order to bud an empire fast, you will want to pick 1 city and closer to home the better.It would have to have affordable multifamilies also.

I have a view of the NYC skyline including the Empire State Building, Freedom tower and Hudson yards.

@Naga Avinash Raya - hard for me to think that anything is better than a local house hack if you have that option available.1)  You already know the area - and already have an intuitive knowledge of the parts of town that are up and coming2)  You might be eligible for down payment assistance (definitely research this)3)  What better way to learn property management (and why you want to outsource it as your RE empire grows) than literally living in the home you're managing4)  Leverage - when your leverage is 27 to 1 like it is with an FHA loan - your ROI numbers have insane upside potential with mild appreciationAnyways - there are some solid turnkey companies out there - but I have trouble imagining any of them could touch the house hack option return-wise for your first property. 

Not looking to build a massive real estate empire.

Hard money lenders charge origination points, which are % of the loan amount, along with the interest rate and other out of pocket costs, such as legal fees, property inspection/appraisal, etc.B) Hard Money BrokersYou as a real estate investor are usually very busy acquiring, managing and growing your real estate empire.

Personal, jaundiced opinion only, unsupported by any empirical evidence whatsoever, but this seems to be a job begging to be rendered obsolete by technology. 

From there the route will continue on a 50-mile spur south through the Cajon Pass to the Inland Empire city of Rancho Cucamonga.