Apparently, the Board of Education there tracks commercial sales and files against these properties once they are sold to raise appraised value for property tax calculations.

Prior to this year, I do not believe we ever raised the rent more than $150/month (and that was on one of our non-preferred tenants) except to encourage the tenant to provide notice. 

The only downside that you raise is the lack of trying to find an investor.

I like where you are at.Born, raised, residing and first investing in Queens, I totally get why this market can be intimidating.

My husband and I have saved money up, paid off the credit card debt and raised our credit scores to excellent , all to start the goal that we have of investing in real estate.

The previous owner raised the price on her rental by $100/mo when she painted the dark taupe that was super popular, but she missed the gray wave entirely and had to drop the price, just because her paint was outdated and make the whole place look tired.

I’m currently looking for a 3 family in Bushwick / Bed-stuy areas. 4 families are proving impossible within the FHA limits (which really need to be raised for those areas!). 

Looking to start off by wholesaling land and finding off market deals to raise some money to purchase my first property. 

I see the value in syndications but would prefer to gain experience before raising capital.

However, I/O, while it raises the rate, it allows much more cash flow and an extra 5% LTV.