Wall Street bankers are looking at low bonuses this year, hedge fund returns are flat and some buyers of high-end real estate from China, Russia and the Middle East are cutting back.

Is this a boiler building where owner pays heat?

In J Scott's book on flipping he recommends going to Home Depot or Lowes early in the morning and talking to the contractors that are picking up materials.

Depending on the bank/lender of choice you may be able to get 70-75% of your cash back out of your rental to invest elsewhere and still pay low interest rates in today's market.

It's a strong market, people are moving here, there are a lot of jobs, very low unemployment so it seems safer to invest below the 1% rule in a market like we have here.

I have experience in both distressed low value residential RE and student housing, and I'm excited to learn more.

I am looking for a low cost builder, and need to stay around 85-90 PSF exclusive of utilities.

Generally though, the returns in Manhattan and Brooklyn are rather low (I assume because of "stable" property values and appreciation) but with some digging you might find a very good deal. 

I am looking for a low cost builder, and need to stay around 85-90 PSF exclusive of utilities.

Reasonably priced homes and good turnover.The inventory is low and every day 2x as many homes go off the MLS than come on, which means the inventory keeps shrinking.And this is when home ownership is the lowest in 60 years at 62%.