I am planning to buy my first 2-family property in Schenectady and is curious to know how the rental market has been in past 1 or 2 years in Schenectady and what are the projections, and if anyone has a recent experience with a similar purchase.

As far as the ADU, I have put that project on the back burner and decided to apply the money towards a new house.

This project carried with it a estimated $97,000 rehab estimate as well; another huge cost.

I'll tell you what, being able to do $100 down on a multifamily renovation project in the future would be an amazing find!

The contractor tells me I should’ve gotten better quality materials and wants to be paid for the paint. 95% of the project is still left.

A true Investor friendly agent will have all of the contacts and likely use them on their own projects.

Getting permits after a variance depending on jurisdiction for multifamily for projects I have done has typically been 6-18 months.

I keep working from project to project and sell them off as I go. 

I hunt down projects for my clients and yes we do get project costs sometimes under 70%, lowest I seen has been 58%. 

You might not have tenants moving in on the 17th but if you can project for the 1st-5th of the next month then that's still really good.