I plan to buy and hold the good ones using hard money and pass others along to interested investors here in the Brooklyn area.

Sure if you dont have your own 3-5% down payment then yes use DPA if you really want to buy.After going over the pros and cons typically our FTHB'ers or first time home buyers end up getting a gift or bring in their own 1-2% down + 1-3% gift and end up with 3-5% down payment and borrow at regular FHA/conventional rates (avoid the DPA program rates).This is actual experience.

While you may not be considering moving to a market and house-hacking, I think this BiggerPockets article still offers great data for out-of-state buy-and-hold investors.Key takeaways: Fayetteville, AR and Indianapolis, IN may be good places for you to start if you're new.

While prenuptial agreements hold up better in these states, judges have wide latitude to correct “inequitable distribution”.

@Elliot B.I doubt a energy meter based on airflow, heat - etc - of any variety - would hold up if challenged in a court of law - 

My initial plan is hold the properties for at least 5-10 years so for now I'm not doing BRRRR.I feel high crime rate can be overstated at times.

Get pre-approved for a buy and hold loan- It could be multifamily, single family.... depends on the market3.

Starting with the Buy & Hold strategy is a solid.

Investment Info:Single-family residence buy & hold investment.

If you hold real estate long enough, you almost never can make a mistake.