Being a NYC resident (originally from Long Island), the price of entry in the area is on the higher end, so I've been considering some options in the NY Capitol region, as well as NJ and CT.

Based on some of the research done, I am inclined towards starting out with a small multi family investment property (2-4 multi family home).

I would check and see how many 1 bed and 2 bed options there are and what they are priced at because most folks will prefer the full place to themselves so rooming 2 people together could make getting bookings a bit more difficult (not always the case but something to consider)

Hi BiggerPockets team,I am a rookie US real estate investor searching for financing options for my first deal.Personal ProfileCitizenship: IsraeliI do not have US citizenship or a long-term visa.Investment GoalsLong-term rentals in good B/B+ locationsLow-maintenance propertiesKansas City, MO/KS, or its suburbsI am familiar with what https://lendai.us is offering, but I am trying to find other alternatives.Thank you!

Question 2: if homes upside down on mortgage what are my options?

And if you base an offer price on that, you'll likely have an extremely difficult time getting any traction. 

For funding, explore options like FHA loans, personal savings, or creative financing, and focus on New Jersey markets that align with your goals, such as Newark for rentals or commuter towns for house hacking.

I'm Ed Marcinek, an investor-friendly realtor based in Staten Island, NY.

Hi I am based in Canada and looking to connect with others who are investing in real estate in the USA or Canada.

Two best options are house hack or sell and acquire a 1031 property.