I still consider land one of the best low-risk investments when purchased correctly.

Reminds me of that one guy who posted his cost breakdown on a crap rehab and everyone blasted him.

All the best to you during your last semester.Househacking is one of the most common routes for new investors in NY.For best returns, I'd recommend focusing on South and Southeast Queens, Central and Southeast Brooklyn, and the Bronx.There are parts of the suburbs (Westchester and Long Island) that have househack opportunities but the property taxes are higher and the commute time to NYC is longer.Abel

--- Does the property have 2 Tax ID numbers or just one?

One appraised last year for 100k.

There’s no one answer, a lot depends on the investors personal financial position, tolerance for risk, goals, etc.  

There are many ways to go about this, but one of the cheapest is to look on Google maps for buildings that look like 4-plexes.

Let's say in year one, all interest expense and no principal paydown. 

If there’s one thing I’ve learned, it’s that success in real estate isn’t just about what you know—it’s about who you surround yourself with and how you adapt to challenges.

Side note, it is considered in some states illegal to reverse late charges because it can be viewed as discriminatory for reversing one tenants late fees and not another's. 2.