It’s a good plan, to me at least.

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?

Yeah man, Long Island real estate is absolutely wild right now.

With careful planning and consistent effort, you can create a portfolio that aligns with your long-term goals.Good luck!

Identifying neighborhoods with good schools, infrastructure, and amenities can lead to finding a hidden gem.Myth 4: It Is Only Seasoned Investors Who Can Handle Distressed PropertiesExperience is helpful in real estate, but you do not need to be a seasoned investor to do well in distressed properties.

The city also confirms if the utilities have capacity which they do.Its a simple case of NIMBYs having a huge voice in this jurisdiction. you are doing everything right. just file a couple lawsuits get a good lawyer and keep going. 

But yes long term I am interested in buy and hold single and multifamily. 

., but there’s some good news for renters: local rents have dropped to a 3-year low, with decreases of up to $200.

Also, good idea not to put it out there on the internet that you have that kind of equity, that will just attract more scammers!  

But, a fair deal and a good deal are two different things.