My family was an investor in a Corporate Housing designated complex and it turned out to be very profitable.

Navigating NYC's zoning regulations can be complex @Jon Pflueger, especially in M1-2 districts, which are primarily designated for light manufacturing and commercial uses.

I also don't have time to personally manage a complex like that but I have identified a property manager that charges 10% of rent to manage the units. 

Purchase price: $1,000,000 Ravine ApartmentsWe purchased, Silvertree Apartments in 2022 which was a run down 20% occupied apartment complex that was an eye sore for the city of Silverton (suburb of Cincinnati).

I bring experience navigating complex acquisitions and supporting investor strategies here in Florida's Gold Coast. 

Without a financial education - it's hard for him to discern which.What he should NOT do is to buy toys or spend it on fun because it'll quickly be gone.If he was financially savvy or versed in real estate - he could even buy a small apartment complex and self manage it if he had some property management skills.Advice should be catered to him specifically though, blanket advice isn't that helpful.

They do not like doing these complex forms and charge quite a bit for them.

I’m sure they aren’t advisable on larger projects but depending on the project size and complexity, they worked great for me. ~$650 for the study. 

Legal Compliance: Navigating landlord-tenant laws can be complex.

Advanced asset protection via a complex entity structure is for most investors like wearing a bullet proof vest when grocery shopping.