Unless you're renting to people who cram dozens of people into every corner and share beds, etc....I would go high class and do (2) 10 x 12's, that's only 240 SF and leaves you 300 SF for living/kitchen....do a Jack n jill bathroom between the bedrooms...

Deals like you describe are typically aimed at newbies that don't know anything about reality.Often, you're being sold a Class C or D property that's using Class A or B numbers.You don't find out until after you buy these properties that: The tenants aren't performingThere's a lot of deferred maintenanceTenants are trashing the propertiesThe tenant pool is NOT what you thoughtRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

So creating value is the name of the game, as is long term buy and hold, assuming you enjoy the asset class.

I was wondering if anyone can give me some information/guidance if getting into house hack in NYC (expensive market) is doable or what kind of asset class is better for this area.

@Munjal Adhvaryu Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I'm operating from a distance and in person meetings with prospective tenants won't be possible.I'm not sure that "age of social media profile" would indirectly fall under a protected class (such as age)?

I love the leverage one can achieve with real estate, and I still love the asset class.

So, am I accurate in interpreting your bottom line there as this is more of a fee for a class/coaching than it is in actual tax strategy?

I am looking for B class property. 

@Charles PerkinsYes, there are lots of ways to invest and profit from REI.No matter the asset type and class, the skills I listed above are required.I like you mention of creativity.The quantitative aspects of REI get plenty of discussion but there is a qualitative aspect too.