Quote from @Brooklyn McCarty: Do you have a mentor? 

I own a 4-family in Brooklyn. 

Hi Guys, I have an accepted offer on an off market townhouse in Clinton Hill Brooklyn.  

We are definitely not rolling in the dough, but I have some retirement money saved and I also own a one bedroom condo which I live in (my wife lives in the condo with me part time, and the rest of the time she lives in Brooklyn).

Haha... just kidding.... except that I do have a Portfolio of Properties in Brooklyn, NY worth close to that amount.If I had more time, I'd love to learn your networking techniques!

Please bear with me...I live in Brooklyn, NY, I'm in my late thirties and I've always stayed away from anything related to finances, investment and money in general because I've felt it was smelling dishonesty, fraud, "stabbing in the back" etc.

@Eileen MurrayYes, these laws are probably a problem for Landlords.I own 25 Apts currently and have been owning for 2 decades.I am incredibly diligent in picking my tenants, but's that because Brooklyn is an incredibly in demand area where the vacancy rates are so low, that you can more likely have a very strict and stringent tenant screening process.Typically, my tenants have to have over a 700 Credit Score, income of over $150k combined, no evictions, references from their previous landlords and have bank statements to prove they are up to date on their rents.

I've run it a few ways and would like to better understand if this deal makes sense in a market like Brooklyn.

The rent went from $1,350 to $1,750 when a professor from Brooklyn came to teach at the local university.

Try Brooklyn Park as well as Glen Burnie.