After sitting vacant for a while I'm entertaining the option of converting to residential units.

Hi David, How many units is the Multi-Family?

In the past two years we have completed over a dozen flips, We are holding 20 rental units self managed and 2 self managed Air BnBs.

We are wondering what to do next....multi family unit?

Multi-family units and investing for equity are my focuses to start, unless anyone has any other suggestions?

@Tyler Kesling  Adding to the above great points, start with 2-4 units as it's standard conventional financing.  5+ units is commercial and somewhat of a different ballgame.   

That unit is a 2/1, has a deck and is a little bit bigger.

I currently have my investment portfolio all in North Jersey and planning on purchasing a number of units in Syracuse.

Owner occupied united increased by 8.4%"Still, although the overall share of households that rented decreased, the number of rented units increased by over a million units (43.3 million to 44.6 million)."

You'll need something like 125 units netting $200 per door to get there, that's about 10 million worth of multifamily in today's money, so you'll need about 3 million in down payments.