Manhattan has its own MLS so you may have to pay multiple fees.4) Taxes - you are paid as an independent contractor so your net income is subject to income tax and self-employment tax.5) Continuing education6) License renewal fees

Although Murray Hill in Manhattan is doing pretty well too.Hint: There are zero clubs or breweries in Murray Hill so not sure how any could be closing down. 

I work in Manhattan, and see myself staying here for a long time.

I'm currently between Beverly Hills and Manhattan, both of which seem to have significant barriers to entry for multi-family investment, which leads to my first question:1) Should you typically only invest in markets in close proximity?

Maybe they want to drive in from...Manhattan Beach...so they end up in markets where affordability (like telling them, "Hey wanna transfer to our Manhattan HQ2?")

I actually have no idea what that means, but apparently it's a little bit south-west of Manhattan.

Therefore; you might need to reach out to 5 different agents to give you access.Also - Manhattan's MLS system is called the "REBNY".There are benefits of becoming an agent - but don't become an agent only to get access to the MLS.

I live in Hoboken and work in Manhattan as a teacher.  

But if you looked at Manhattan, it was so minimal in the prime areas, your could probably count them on just your fingers and toes in any given month (actually, it may have been so low you could count them on your fingers and toes in any YEAR).I have been owning Investment properties since 2 decades here.

Manhattan etc.. and a few other cities i am missing are HIGHLY risky and they simply never sell anywhere close to appraised value..