You can maintain a powerful position over each property, you don't do the work and you have relatively limited risks compared to other forms of REI.

I would like to hear from my fellow New Yorkers so we can compare notes and follow the laws and trends effecting our investments.

In other words you would have to compare 3 houses to one triplex to be fair.

This company is no longer, does anyone know of another comparable?

Has anyone compared the SD 401k to the SD IRA?

Besides, it's their investment, not yours.Sounds harsh, but I'm the kind of jerk you will have to deal with in your new biz.

There is one here on the sight that looks pretty solid if not overkill compared to what I have been sent on prospective properties.Also, anyone in particular you recommend for Land Lord property insurance?

Also, we have realized that everytime we get a 'good deal' on one of the houses on the street (below PVA and market value) it helps on the next purchase on the street because it is a lower comp to compare to and justify the lower offer/purchase price.

@Steve - Yes, the rents compared to prices seems very good to me, especially considering that I'd have to buy the same house for $70-$110 in a slightly better neighborhood, but I wouldn't get much more in rent despite that.

If you have completed any amount of short sales you do upfront work first to not waste time.Never take what a seller says at face value.They will tell you anything to try and get help to solve a problem but the issue is they don't know they are hurting instead of helping.The problem with sellers is at first they are motivated to do a short sale.Then as time goes on and credit is ruined and they have moved out they become emotionally detached from the property.The buyer have unrealistic time lines to close for a short sale.You need to know if your market is declining,flat,or appreciating every month.If it's appreciating or flat the benefit is to the buyer.If it is declining the benefit is to the bank because by the time it close it might have lost 5 to 10 percent of value from the contract price.Your bank actually moved pretty quick with the short sale compared to some others.A buyer and a seller need to understand it could take 3 to 6 months or longer to do a short sale.A friend of mine that is another broker in Florida has completed over 800 short sales.He is a master at them.I did residential for a few years but then moved to commercial so I haven't kept up with all the regulatory junk on the residential side.He does all residential and does not take the short sale unless the seller agrees to certain conditions from the beginning.