I have several investor friends from your neck of the woods, and was in Baltimore a few years ago (One of my favorite cities)...

Maybe we could get together next time we are in Anchorage or give me a shout if you are in my neck of the woods.

I don't like debt so I fear borrowing too much money and having the noose/burden of it around my neck. 

An eviction in my neck of the woods would have easily have ran me about $1,000 and almost two to three months.

I will catch you all next time though.Wish me luck not to break my neck on the slopes in Big Bear!

If that is is the path you want to pursue, the small multi may be the way to go - if you can find well cash-flowing property in your neck of the woods as I would highly advise that you stay local if buying small multi.If  passivity is paramount to you, then taking part in a larger acquisition such as a syndicated purchase of apartment community or strip-mall may be the better option. 

However, by driving around the area, and using apps like zillow, I have noticed that many MFH investors are targeting the south east part of the Bronx, such as Throggs Neck.

There is also @Justin Silverio 's quarterly meetup in Reading and the NEREIA in Chelmsford all up in your neck of the woods.  

Believe it or not we are having trouble finding folks in our neck of the woods so we will check out Andrew and see if he happens to venture out that way.  

I didn't want to create another LLC (pain in the neck, time, expense, having to file another federal income tax return), so I filed a Certificate of Assumed Name with NY state.