Hi all,

This is a zoning question that I'm hoping maybe one person in this entire forum knows the answer or could at least point me in the right direction. I have purchased a townhouse in an RF1 zoned area and neig...

I'm seeking opinions and examples of per-square-foot costs for constructing new multi-family developments in NYC. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.House hacking, on my first four unit apartment building.

Will you be developing single family homes or multi family on these lots?

It was a nightmare to keep track of everything.Baselane has simplified my rent collection process significantly.

It is always better to start with a multi-unit 2+ so that if something goes wrong, you still have one tenant to cover necessary expenses (mort, taxes, insur, etc).Also, major renovations are not a great idea for starting out as others said, especially out of state.

On top of that, the prices of single family and multi-family homes could be very expensive as well. 

I have read a couple of Brandon Turners books on house hacking and multi family and really enjoyed his writing style.

If you don't want to spend time or risk losing money, LTR and multi-family is rather safe.

And when a rising tide is lifting all boats, groups that amplified their results by using risky high leverage could score some massive returns until the music stopped, then will subsequently struggle to keep the rest of their portfolio out of foreclosure.