Quote from @Tannia Castro: I would say the key would be to narrow in on an area (this could be a city if you are not from that area and investing remotely), or this could be a part of the city (some local streets) if it is in your backyard.

Getting that first property is exciting—and yeah, NYC is no joke when it comes to price of entry.Honestly, a lot of people I’ve talked to in your shoes end up finding better opportunities just outside the city.

One of the other factors that kept me from pulling the trigger is that the city has never passed any real STR regulation.

Let's say the city cites them for violations and they rack up penalties and fines. 

How the City intents to rezone for density.

Absolutely, the passive income from owning rentals is great but I also love getting into big projects and seeing the transformation from start to finish@David Jesperson What city/market are you looking to buy and what type of properties are you looking for, SF, 2-4 MF, or 5+ MF?

I started getting into some Facebook groups couple of days ago, I'll definitely look into RE events, I know there are few that takes place in the city most of the weekends 

If you plan to actively invest in 2025, see if you can name ONE city/metro region that made the NAR's 2025 TOP PERFORMERS LIST!

While I've made several investments independently, what sets SDIRA Wealth apart for me is their competitive pricing, focus on new construction, and access to markets with better performance compared to my local area in New York.

The platform's main focus is processing mortgage documents in their raw form to extract specific financing terms for all properties in the city.