What was really surprising was how expensive materials were.

This seems to follow the general overall trend of lower cost areas winning at the expense of those with a high costs of living.

Quote from @Daniel Tanasa: Another option is to get a small cash out refinance from the house you plan on fixing up, if is in financeable condition, and use that to fix it up, while still cash flowing.

It will just add expensive fees to your deal that you don’t need.

If you have a $400k duplex and you live in half and rent halfOr if you have a $200k rental property Your deductible rental expenses will be the same. 

I was in both architecture and real estate development for 18 years, so I'll be bringing that experience to the table.Looking to get back into the game with some big plans.

Additionally, another neighbor who owns an adjacent parcel has expressed interest in joining the project, contributing their land to the development as well.I believe this could be a great opportunity for all of us, especially as a unique retirement plan for my family and my neighbors.

@Michael VelezHouse hacking is a great way to start investing, as it helps you reduce living expenses while building equity.

My best advice is to focus on the numbers—cash flow, expenses, and your return on investment.

Rents continue to climb as well but likely not enough to keep up with increasing monthly mortgage payments when considering interest rates and soaring property values.There are 2 main schools of thought when considering investing in an expensive market like Long Island.- Robert Kiyosaki, Grant Cardone, and similar thinkers believe its best to invest in markets with higher cashflow while renting where you want to live.