You’ll learn about tenant relationships, property management, and the overall real estate process, which will be invaluable as you grow your investment portfolio.Market Research: Since you’re in Long Island, do some research on the local rental market.

The problem is their capital is tied up, so I've been asked if I would like to purchase the house and then lease it back to them.Here are some pros/cons that I can think of:Pros:-We haven't agreed to a rent amount, but it will be above market rate.  

Purchased under market value, then rehabed myself with sweat (i am not the most talented DIY guy haha) What was the outcome?

Sounds like it is long enough that in my market you will need an electrician to add an outlet on both sides.B.

The goal is to compile a comprehensive list of candidates who meet the initial criteria for further evaluation.Analysis of Public InformationReview publicly available information, including the sponsor’s website, marketing materials, and any available financial reports.

If the city's requirements are bare-bones but all active rental listings are more elaborate, we go with the market trends to make sure we are competitive & provide what tenants are looking for.

Purchased a 3 fam in Jan 2024 built in 2016 in an appreciating expensive market across the Hudson River from Manhattan NY. 2 units were vacant on acquisition and completed rehab in July, 3rd unit tenant vacated in May and completed rehab this week.

Should I just focus on single family homes initially?

In previous crashes, the market out performed class a whereas now, it is initially out performing A, but many economists are for casting a quick recovery for A while B and C take a few years to rebound fully. i think new buyers have to require a higher going in cap to protect themselves.

What are the closest markets where it is still legal?