They can either download the app or use a unique url to pay online. 

NYC population is so dense that it will continue grow to the next up and coming area. 

New units break down just as much as the old units.There's a saying that I learned on the farm growing up "if it ain't broke, don't fix it".

Once complete, the investor has a property that is worth more than the purchase price + rehab costs.We've got more "skin" in the process than an RE agent as we have to rehab to get a tenant and than continue to manage the property and tenant to cashflow for the investor.This model seems to be growing in popularity with investors versus traditional turnkey.

Check out the guys Miliraty to Millionaire (https://www.frommilitarytomillionaire.com/)They have great content on their website and podcast for service members growing their wealth through REI. 

Start by learning the real estate basics, study the market, set your goals, get a team of experts, make friends in the field, look into how to pay for it, begin small then grow, do deep checks, and go for it.

@Eileen L.Generally it's right if you can grow you income or equity by moving into a different asset type.

Especially with the rising age of the baby boomers, I can see a growing need for accessible housing for the elderly wanting to downsize or diminish the effort of maintaining a single family home. 

Use house hacking to save on rent and grow your wealth.

ClairInvesting in a duplex in Lubbock has many ups, like being able to live in one part and rent the other, growing your money, getting more cash, tax perks, and facing fewer times without renters.