For these ultra exclusive co ops the fact that the tenants can turn down anyone for any reason is a big plus. 

I bout one in 2019 and it has turned into a gem for me, but at the time, it would not have been 1.25

if you buy it yourself and turn it into a live in flip and absolutely crush it, great! 

Hi everyone,I am currently a high school senior turning 18 in a month.

It's not as simple as simple as buy now and hope that "time in the market" will produce a win for you.

Also turns out we had some important mail go there etc… so civil correspondence ended up worth it.  

@Samuel HudsonYou could consider being an owner occupant until it’s rent deregulated though you’d have to confirm how long you would need to do this as I believe the rules recently changed.You could look into turning into condos.

I am still hoping to crack that egg before I turn 35. 

@Rolayne TaylorI most certainly agree with Min, turn-key is a great way to continue to grow your portfolio. 

Some good advice above- it really depends on their "need" for the cash.They could always turn it in to an investment property and eventually do a 1031, leaving a legacy for their kids some day.