Then add aduor buy a 2-4 unit that has value acomparable that has value add potential.

I ended up buying a duplex in North Andover, only 30 min drive from the city.

Yes I have a real estate I used to buy 2 properties and have a property management company.4.

I'm a residential loan officer and I have a client who is taking out a loan (not through me) to buy a wharehouse for their business.

2 - Right now, with you that profit buried in this property, if you sold, could that same profit now used as a down payment, buy you a larger property value? 

What should I be careful about compared to buying an existing property, and are there any key differences? 

Many reason I stay away from Condo's including:HOA regime feesUnexpected and expensive HOA assessment fees for upgrades or repairs that you may not agree with.RulesClose proximity to others that could cause disagreementsSaturation and competition on renting condo's ParkingI would personally never buy a condo for these reasons and look for a deal on a house.

I am looking to buy a fixer upper.

The year's lowest priced small multifamily sale on Long Island is $430,000.If you want to househack a multifamily, you'll want to find ways to boost your buying power.

I can find a nugget of information that guides me to understand where we are in an interest rate or buy/sell cycle.