The average sale price for small multifamily properties in Nassau increased by 13.9% from '23 to '24.

Washer/dryers are often abused, so there's the initial cost of purchase and the risk of increased repairs.

Would your existing tenants stomach that much of an increase?

With a strong foundation, you'll be ready to invest confidently when you return to the U.S.Good luck! 

I am thinking to switch to online rent collection from receiving checks in the mail, but worried that receiving 1099k will increase the complexity during tax filing time.

@Josh H. it sounds like you have experience, you know your numbers, and have confidence. 

Real estate has always been in the back of my mind as a way to increase our wealth and provide for our family.

Materials have increased more than 20% in the last 5-8 years.

@Greg ReeseMost small investors will benefit by having the LLC created in the state where the property is located at.Creating an LLC in a state like Nevada, Delaware, Wyoming may be better for the big players if items such as charging orders, business friendly case law, anonymity are important to you.However, be mindful that setting up LLC's in those states will add to your costs as you may have increased annual fees for annual LLC fees + registered agent fees.

As the years have progressed, I've seen a healthy combo of appreciation & cashflow has continued to increase as market rents have gone up.To start off, I'd attend some local meet ups and network a bit, and start analyzing some deals.