Hey @Joseph Johnston - I'm a broker and investor in NYC, and I've done deals in Bronx.Multifam in the boroughs are moving slower than usual, especially if it's not completely turnkey and/or has any tax incentives on it. 

Welcome @Kiara SpenceThere's alot of great points mentioned.You'll surely want to understand your budget, narrow your focus/objective, work with a lender/broker that understands your goals and put the right people in your corner to help identify deals.Are you going to reside in your primary and buy the rental?

I just this week changed my occupation from Broker to Lender ..

I am aware that I need a broker's license to manage properties that I do not own.

My Start in Real Estate46 years ago I decided to switch “careers” and left international banking and became a licensed real estate broker.

As an investor friendly real estate broker focused on Oregon Coast STR vacation rentals for sale, these are the testimonials that affirm how powerful of a resource and community Bigger Pockets truly is. 

Quote from @Carlos Scarpero: Studying this whole note world and I'm curious....From a borrower perspective, what advantage do they have going with a private lender vs going through a mortgage company/broker?

Explore loan programs with lenient requirements and consult a mortgage broker for guidance.Good luck!

Turned it from a side hustle of flipping and renovating properties to owning and running a custom home building company.

I've been a licensed real estate broker in the past, have taken the appraisal courses, but didn't take the test, and now a licensed contractor and plumber, and soon to be electrician and hvac.