What is less clear is potential license liabilities of licensed parties engaging in transactions where unlicensed wholesalers are receiving compensation.

It's challenging and frustrating and EXPENSIVE, but for me, it's worth it.

With all current comparable of 2/1 in the area with same sqft is around $385k-$400k, I converted to 3/2 with permits our contractor and I ran into many challenges with the city inspection and also tried to stay within budget.

And, prices in New York have not fully recovered to their previous peaks in real terms according to Case Shiller before turning downward, meaning that people who simplistically believe that a market will always return to its previous peak are engaging in wishful thinking.  

Having moved from Germany to the US myself I understand the challenges and benefits of investing in US real estate.

Here's a short list of them:  How long have you been actively engaged in real estate investing?

Bottom line, decide on your engagement and risk level first, and then look for an investment type that suits your needs best!

I spent last weekend tiling the porch of one of my properties in the diagonal/tile style as a challenge and that's something, to me, that is fun and rewarding.The reason I posted this in "Off Topic" is because this is a bit tongue-in-cheek and a bit serious too!

I know this real estate investing lifestyle will not be easy but "easy is lazy,"  (Rich Dad) and we’ve all heard, what’s said to be challenging builds growth and is well worth the fight.

I invest heavily in RI and would highly recommend engaging with a quality attorney that knows the local ordinances.