Then, if you can trend over time you'll want to see where the "path of progress" is going/moving and attempt to buy in that path of progress to gain some appreciation in the future.

Also offer incentives for our maintenance team to bring project in on budget and on time.

We also look at how fast we can complete the project. 

But I think, with so many pro-tenant laws coming out, if I buy a property in a more "sane" city, who knows if they won't introduce woke laws later in the future.

So, every non-government job your tenants have will vanish in the foreseeable future.

If you prefer a nicer home with future equity growth, White House might be the better choice.

In the  future - never  pay an application or engagement fee   when trying to  get a home loan or a  reseideential loan  

If rates become more favorable in the future, we'll have an opportunity to refinance.Why we bought itThe 55-unit I mentioned earlier is a perfect comp for us.

Many investors in NY like the idea of house hacking because:- They can invest with a low down payment (similar to what a 20% down payment would be OOS)- They gain hands-on acquisition, project management, and property management experience.

Do you mean it would need an architect because that's required by the jurisdiction, or because the project itself would need an architect's expertise?