@Philip Muka have you explored/researched the "asset island" method? 

I'm a 33-year-old software engineer residing in the New York long island area.

We're right at the start of the process, the chicken and the egg, and a little confused on how to pull this together.Essentially we need quotes to see how viable this actually is, but we don't have final plans to quote from, nor is land purchased.We've looked at Altus, and know what pricing SHOULD be.

I wholesaled three houses in Rhode Island last year.

We've been going to Edisto Beach or Harbor Island the last few years for a slower pace.

I have been to some islands where you need to do this and I was like - no thanks.Have you had a camera go down the drain?

Market- if this is a 3 year flip, how many new builds are coming online or is land availability restricted?  

Hi Bigger Pockets,I just bought a three family house in providence rhode island.

I am a real estate agent in Long Island, NY looking to make something happen!

This are the numbers:25 unitsAsking price 1.5MI will offer 1M $11,780 monthly rent income$13,000 annual expenseYes, the expense ratio is low but it's because it's in the island where we do not have property tax, insurance is for liability around 2k a year and it's all concrete structures.