In your opinion would it be a better strategy to invest passively in a market like Brooklyn which is appreciating very rapidly average returns of 10-20% cash on cash.Or to invest in low income neighborhoods in Philadelphia and buy 2 family houses making around 20%-30% but not much future growth.I like the idea of building my own portfolio but I have limited access to capital and I don’t want to have a lot of partners to worry about.Any insight would be greatly appreciated.Heshie

I am planning to purchase a two-family with a legal attic in Brooklyn.

I am based in NYC Brooklyn, so I would like to choose Brooklyn as the location for my first rental.

I've been emailing with the city (Brooklyn Park) and I need a rental license in order to be a landlord in the city. 

In the mostly low rental areas in NYC but are easy to get to Manhattan or good areas in Brooklyn, Landlords would rather rent short term than to rent to an unqualified tenant and potentially get into a court case, this is ASIDE from making better income on the STRs.That also reduces the supply of available apts.Other issues that has not been addressed but was touched upon when over-consumption was mentioned is that in these rent regulated buildings, there is usually a high demand for services, which will add to a landlord's expense, such as older residents demanding more heating despite conforming to heating laws (BTW, this isn't every landlord...

@Anthony WickI buy in NYC, Brooklyn Specifically, and have been buying for 21 years.

The subway can get you to Time Square from basically anywhere in Manhattan, Brooklyn, Queens.

As a 29-year old professional working in Brooklyn, NY, the commute as well as other things has got me thinking about moving to Brooklyn.

I’m from Brooklyn, NY. 

I am currently a leasing agent while my boyfriend is a loan processor.We're specifically looking at Brooklyn, Euclid, Garfield Heights, and Cleveland Heights, but we're open to considering other neighborhoods!