Generally "multifamily" in real estate will tend to mean 5+ units, but if looking for 2-4 units your current options that you listed are pretty good - but would not apply to anything bigger by unit count

Since it has the highest count of sold small multifamily properties, here are House Hacker's top 10 Queens neighborhoods:Jamaica: 102 dealsFlushing: 71 dealsGlendale: 41 dealsAstoria: 34 dealsEast Elmhurst: 32 dealsBayside: 29 dealsCollege Point & Corona: 27 deals, respectivelyWoodhaven: 25 dealsWoodside: 24 deals* Just missing the top 10: Far Rockaways: 23 deals - Maspeth, Ozone Park & Ridgewood: 22 deals, respectivelyHow optimistic are New York sellers?

Because we are in house with our development deals I am not counting on someone else's ability to find a good development deal.

Not to mention this is not counted as a legal area of living for owner occupied financing (if you're buying a multi unit).

.- Your name- Property name or address- Unit count- Date closed- Are you the operator?

I am wondering what the work around is to purchase properties without it counting towards my DTI.

The insurance company counted all of the labors, such as moving stuff in, moving this out, or prep time.

Fast forward to yesterday(appraisals are done, waiting on underwriting) after a text from the realtor about signing a document that says I'm okay with him representing me and the seller, I called him and brought up the fact that I'd looked over the purchase agreement and the rental agreement and nothing was stated about the rent increase, but it was clearly stated that ALL rental income even prepaid rents (the warehouse was paid in full up front) would be prorated to the buyer (roughly 2200/month)I'm at a crossroads on what to do, part of me wants to just ask for earnest money and appraisal fees back and walk away, but the cashflow of $2300 (current rents not counting warehouse) on a $105,000 property just seems to appealing to walk away from, what do the more experienced investors than myself think

You will learn a lot by doing this.They are probably going to take measurements for flooring and drywall, count any doors that need replaced, look at what appliances need replaced, outlets, fixtures, countertops, etc.

Your gain will be Sales price less sales expenses(Commissions, closing costs) less Adjusted basis.Your Adjusted basis will be Purchase Price plus Improvements less accumulated depreciation.Depending on how you categorized the improvements / furnishings will determine how you will calculate your gain.If you already took depreciation / expenses for the furnishings, you can't also count it towards basis to reduce your gain.Best of luck.