The previous owners invested over $12M into building it between 2009-2012 but then left it vacant for years, allowing it to naturally age.

A lot of my friends and other new grad young professionals seem to congregate in areas like Midtown and lower Manhattan or in Williamsburg/Bushwick and Downtown Brooklyn.I know house hacking isn't impossible in NYC, but my most ideal areas with people my age and high traffic are also everyone else's ideal places to live, and are much harder to house hack.

@Stuart UdisYour post highlights an important distinction between two different lending experiences.  

The distinction is that 4 units or less is referred to as residential/small multifamily, and 5+ units is referred to as commercial multifamily.Here are the CO state guidelines for "Motels, Hotels, And Multi-Family Dwellings": https://www.sos.state.co.us/CCR/GenerateRulePdf.do?

Operators of very small homes are taking home strong 6-figure incomes.It's essentially recession-proof as the supply of aging baby boom seniors needing care will be in place for the foreseeable future.Residents of an ALF are generally in need of assistance with "Activities of Daily Living", called ADL. 

It is a very challenging market for many Loan Officers and Brokers. Although rates are starting to creep down, the cost of housing is not. Many home buyers have to show substantial income to qualify for homes in high ...

As you age money becomes less of a number one spot motivation to experiences and memories.

I mainly bought it so that my parents can have less to manage and go to at a resort- less steps, maintenance as they age etc.

What’s the age of the properties?

With baseline green yellow red based on age.