Hey @Aaron Washington, I have to agree with @John Underwood.Pics need to be redone for sure.

Our goal is to convert it back to a 3-4 unit property for long-term and short-term rentals.As I currently reside in Washington DC, I'm unfamiliar with the local permit processes and requirements.

Washington might be of interest to you.

I know in Washington state a home owner can do their own work including electrical and plumbing, but as you pointed out has to live in the property for 1 year after completion.If you get licensed as a contractor (in WA state it takes some paperwork, filing fee and insurance/ bond, no test, no experience etc.. )  Then you do the work under you contractors license and no holding period needed. 

Question is how much does Washington and the FED do? 

Value-add opportunities in the form of Class D, C and B properties is one of the most desirable and heavily marketed asset classes in the country, and few people talk about this (which I felt the need to post this).I have brokered several small multifamily properties in the Southeast.

I am familiar with the first three since I lived in each but not NY although I always wanted to own there and I'm there about 50% of the time (currently live in DC).

Born & raised in the dc area lol. 

Feel free to reach out, Im only licensed in HI and WA state (so not trying to steer you to any company) but I'm always happy to help out fellow veterans/answer any questions you might have. 

In 2024, 2-4 family properties in Nassau have been sold nearly two weeks faster than they were selling last year.Further indicating a hot market, median sale prices have increased by 11%, which is more than any of NYC’s boroughs.The top area choices for 2-4 unit multifamily investors have been:Valley Stream & Port Washington: 14 deals, respectivelyLong Beach: 11 dealsLynbrook: 9 dealsSuffolk CountyLike the Bronx, Suffolk, too, saw a 43% increase in 2-4 family inventory.