Because there is no closet." and he said "Yes, you don't need one in NY as long as there is a window."

Bad rehabs which result in significant work that you need to do, bad tenants who have more protections in a big city like Chicago than anywhere except maybe CA and NY, a backed up court system should you need to evict, an aggressive city that will fine you for your mistakes, violence, neighbor disputes, rodents, water damage, and on and on.I will say that much of this is not unique to Chicago.

I've selected Rochester, NY as my target market.

Looks like you are in NY, a property for 25k is probably going to need some work.Best of luck!

I am just looking where would be the best place to deploy cash and with regular housing not impacted looks like multifamily is the place to watch and that too in bay area or NY as rest of the country seems to be doing fine .

NY as a whole is experiencing negative population growth which is primarily seen in rural areas, but if the trend continues it could start affecting secondary metros.  

I grew up in the Philippines and now based here in NY as a nurse.We just bought our first condo unit in Makati (financial capital in the country) thru Federal Land Inc.We got it at pre-selling price and the turnover of the unit is in 2022.They required us to pay $2k dp then 20% of the amt for 4 yrs with our set monthly payments.Upon turnover in 2022..the remaining 80% will be financed by the bank and will be self-liquidating with the renter’s monthly payment.I have most of my family here in the US investing thru condos back home.Foreigners are only allowed to acquire condo units not land in the Philippines.And my best advise is for you to google the most reliable developer so you know your hard earned money won’t go to waste.Ours is from Federal Land Inc. with the best reputation in the country.I hope this help answer ur question in some way.

I was only able to inherit this money if I purchased a 2 bedroom coop in a nice neighborhood in westchester county ny as per my mother’s request.  

And the person selling does not own title or a license, then it is illegal, at least in NY as brokering without a license.

I've read some of the landlord/tenant laws of NY (a 75 pager I think it was) and it's as frightening as Seattle.