This tenant intends to purchase the building in the next few years.

This is also my friend’s childhood home. 

Quote from @Stephen Hood: I have a property that I want to move into and  purchase but am running into a challenge with the offer being contingent on selling our current property.

I'd simultaneously search for duplexes especially those with value-add potential.Regarding volume, the Suffolk towns with the most listed 2-4 family properties since '23 have been Lindenhurst (46), Huntington (22), Patchogue (21), West Babylon (16), and Bay Shore (15).Riverhead has had 10 listed small multifamily properties in this timeframe so it isn't too far behind. 

I would look into whether you really need a multi-member LLC at this point. 

They are one of the largest outlets in Boston and tabulate all their service calls into usable data which they then blog about.I rely on them for any and all appliance data.

The reality is I think your going to see a lot of this..

Just wanting your thoughts on investing In this area?

Does anyone have any excel/spreadsheet templates they use for organization and having a place where you store that budgeting and timeline information?

Knowing this information will help you identify the right professionals to bring on board.At minimum, your team team should include:Financial Advisor: to help with investment strategies - portfolio diversification and risk management.Real Estate Agent/Broker: to help with property acquisition and market analysis.Accountant or Tax Advisor: to help manage financial records, tax planning, and optimization.Attorney: to provide legal counsel for contracts, agreements, and investment structures.Mentor or Coach: to offer guidance, insights, and industry knowledge.Networking and Relationship Builder (for everything else you will need): to connect you with potential partners and collaborators.