I am on the board of CFRI, the local chapter for the National REIA and we have about 20 meetings a month, many geared towards specific niches. 

There are some hyper specific forums on here as well for everything under the sun, and tons of amazing articles.

Quote from @Theresa Knower: Hi Andrew,In response to your questions:1) If this transaction is a related party transaction, then there are specific rules that must be followed. 

This normally would not be an issue but the cost of the water/sewer is extremely high in this area and specifically because the meter is a one inch, the costs are much higher than a normal 3/4 inch on a non-duplex. 

Hi Linda,Lots of great advice from @Carla Gordon @Brian Schroeder @Jay Thomas Specifically I think it's always smart to check out FF Traveler sear https://www.furnishedfinder.com/housing/New-York/New-York) and Airbnb/VRBO for 30+ days stays to gauge what sort of similar properties are currently out there!

I didn't want to list this under Scenario 1 as it's redundant and whether or not having more control over your down payment is a pro/con is pretty case-specific.3. ???

Do you have a specific policy on evictions.

Are you targeting any specific areas/neighborhoods like Maywood, Garfield Park, Speedway?

Surprisingly there are not a ton of units available, saturation is not a huge issue in those specific areas. 

Insurance is a lot trickier and somewhat state specific.