I don't live out there but I have family that does.

My grandfather used this truth to subdivide & sell most of his farmland in rural MA and sustain his family comfortably over the years.  

I think most people would agree that a single family home is better than a condo for a long term rental.

A little history on my investment real estate journey if we can call it that….Back in 2005 my wife and I bought our very first home when we were 24/25, 3 Bed, 1 ½ bath 1500 sqft single family home for $167,000.

I've seen a few hundred dollars for lease renewals versus they may charge a month's rent to find a tenant and you are reducing the risk of having a bad tenant with the turnover.

Yes i am in the Bronx market and looking into closing on a 2-4 family unit property. i am currently looking into different methods of creatively funding the deal and looking into partnerships to create capital. .

I would like to pull out equity from the homes to build either a house on each or an ADU (they are zoned multi-family) depending what makes the most sense on returns and what is feasible.

I'd never heard of it myself but my friend and his family have at least a dozen rental properties out there.

Since then I have been able to also use family offices and hedge funds to get deals funded.

The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route.