It's possible to find 1.5-2% Rule properties in my neck of the woods.

Hey Isuf, I myself have a 2 family in the Throgs Neck section of the Bronx.

For future loan questions, I recommend asking @Chris Mason, he's a lending wizard in your neck of the woods, can't imagine a better resource for you.

You might want ask around your area about the VA's Supportive Housing program.In a nutshell, it's intended to provide housing for homeless veterans either near where they receive treatment for injuries and psych. issues or near public transit which can help them get to their treatment facilities.

If so, they owe you additional compensation for that as well.That said, unless there is something funky going on with the temporary easement, its probably not worth engaging a lawyer for just a very small amount - however, the way legal representation often works for eminent domain cases (at least in our neck of the woods), is that lawyers are willing to take the case for a "%-age of the increase". 

To my delight, all 10 nearly doubled in value and I 1031 exchanged them for apartment complexes in NE Ohio in Mike's neck of the woods and went from $50,000 cash flow to the current $160,000 cash flow per year.Swanny

For some background, this tenant was a real pain in the neck inherited tenant and we were glad to see them go, and gave them a full return of their deposit just to get them out without troubles.

It may be too hectic for some, but allows for profit taking at times when financial markets and circumstances are causing " bottle-necks ".

Welcome to BP, I'm sorry I can't you out in your neck of the woods.

You can find 5+ units for as low as $300k in my neck of the woods.