Some questions for people who invest specifically in Brooklyn, NY. 

I've invested in RE in the past, primarily in Brooklyn, mostly buy and hold properties.

I live in Brooklyn,NYC.

In Brooklyn up and down Atlantic Avenue you see them.

"Wanna buy a bridge in Brooklyn?"

That's why I'm learning about the differences between sub-metering or instituting RUBS.A ratio utility billing system or RUBS billing is a method of calculating a resident's utility bill based on occupancy, apartment square footage, number of beds, or some combination of factors.Using RUBS to bill residents for water, gas and/or electricity expenses has several advantages including:- Requires no capital investment to get started- Enables owners to recoup a large portion of the overall utility expense- Can be implemented quickly- Immediately improves cash flow.I borrowed this example from Brooklyn R.

My son lives in Brooklyn.

Cite Steve Jobs (started in a garage), Quentin Tarentino (never finished high school), and rapper Jay-Z (came from the housing projects of Brooklyn to not only survive, but be a very influential near-billionaire of his industry).Try different things.  

On most properties I have seen in Brooklyn, investors tear down one to two family houses and build 4-6 story tall residential condos or apartments.

Day 1 was in 1998 for me when I bought my first Investment Property in Brooklyn, NYC.What would I have done differently?