I'd target areas near colleges or transit hubs for affordable properties, and I’d look into financing options like FHA loans or creative financing to make the most of my capital.

Housing has always been super affordable there, and new construction has increased in recent years.

I did that out of necessity with my first 2 houses and was able to buy in a nicer neighborhood than I could actually afford because they weren't updated. 

t.

This simple update has big implications for property owners, allowing small repairs and maintenance to be handled more quickly and affordably.

We weren't sophisticated enough to call it that, but we were both on board because I liked the potential upside and my wife loved the neighborhood (that we could not have afforded to get into unless we bought a dump of a house).

Plus, compared to other parts of Florida, the Panhandle is still relatively affordable, making it a great option for first-time investors or those looking to diversify their portfolio.Another huge perk is Florida’s no state income tax and landlord-friendly laws, which make it easier to manage and profit from rental properties.

According to NYC, STR is hurting housing affordability just like normal people can buy a house or condo near the Time Square and Madison Garden. 

I'm looking to potentially do the same thing in Queens now where there are some more affordable mutlifamilies.

The money you invest needs to be money that you don't need back for at least five years, and to put it bluntly, you can afford to lose it all in the (hopefully unlikely) event that the investment fails.