For anyone considering this, it’s probably worth consulting with a local land-use attorney or planner to navigate the specifics and make sure you’re maximizing the opportunity without running into red tape.

Quote from @Mohan Sadashivaiah: I would like to know if Data analysis in needed in Real Estate industry.

While I haven’t invested in NYC specifically, I can share a bit of perspective: For a 3-year timeline, buying can make sense if you’re confident in the market’s appreciation and can find a condo with flexibility for renting it out later.

@Max Nathanyou won't be able to get a loan "for the down payment" specifically, so you'd need cash from some other source, like a HELOC or a personal loan. 

So I am not tied to a specific area.

Are there specific advantages or potential pitfalls I should consider when structuring these activities through my LLC?

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

From my experience, attending local meetups, lending-specific events, and networking with experienced investors can open doors.

Affordable relative to the rest of the US so great place to work remote or just enjoy a reasonable life without being hugely cost burdened Cons: A lot of older than 1980s construction (you 100% can be successful with these properties just have more to check during due diligence) Need to be mindful of market rents in the area and not overspend on renovations where there is not ROI to do so, you can’t usually exceed $2 sf on rental rates and average price per sf is 1.25-1.5 sf (neighborhood, unit type, and finish level specific).KC is not a boom and bust market, you don’t get the high highs or the low lows.

Just find the tenant before you select the site/build the building because these companies have very specific requirements and they are not all the same.