All the best to you during your last semester.Househacking is one of the most common routes for new investors in NY.For best returns, I'd recommend focusing on South and Southeast Queens, Central and Southeast Brooklyn, and the Bronx.There are parts of the suburbs (Westchester and Long Island) that have househack opportunities but the property taxes are higher and the commute time to NYC is longer.Abel

With a HELOC being around 9% I'd probably be paying more in interest than the money would make in the stock market.

It’s advisable to consult with a real estate-savvy CPA or tax strategist to explore ways to mitigate capital gains taxes before proceeding.If you’re interested in exploring multifamily investment opportunities in Rochester, I’d be happy to discuss options and provide insights.

If the deal is residential 1-4 units, I'd aim for 30-year fixed-rate debt. 

Hey @Tori Rhodes - As a builder myself here in Chicago that is a question I hear often.Before looking into your loan options, I'd look long and hard at the cost of land and construction in your Grand Rapids area. 

I’d love any insights on next steps.

Some go as far as saying that if you’re evicting frequently, something is broken upstream, either in underwriting, screening, or tenant relations.So here’s what I’d love to pick your brains on: Do you see eviction as a necessary cost of doing business, or do you think there are better ways to prevent it altogether?

I'd kick it to a triplex not duplex. build to rent will always be a good strategy. keep land costs under 10%, build less than $200 per sq ft stick frame, exit price you want a premium, work with someone knowledgeable.

If you're in the FM area and you own/operate STRs I'd love to connect.   

I'd be happy to have a conversation with you.