My philosophy will likely be to target lesser desired areas that are still an easy commute to the Clay area which 481 goes through. 

It is becoming extremely unsightly as they continue to build and will eventually bring tourism/desirability down (in my opinion).  

Landlords/owners feel their rental apartment will be vacant for longer while others prefer to wait until more inventory arises in the warmer months.Astoria RentalsWhile New York City’s metro area as a whole, especially desirable areas like Astoria, is not considered to be a ‘cashflow’ market, there is upside to purchasing rental properties here.Median rent prices have risen from 2022-2024 as follows:Studio rents up 30%1-bedroom rents up 19%2-bedroom rents up 18.5%3-bedroom rents up 21%* While 4+ bedroom rents have increased as well, the findings are insignificant due to limited data/inventory for this apartment type.

If that's not what your desired outcome is, do not get suckered into doing the FHA streamline refi.So at the end of the day, you have options, but if your goal is to buy another property, it's best to walk through all your options with a loan officer who specializes in working with investors and these exact scenarios, and map out a gameplan not only for your current property and next property, but getting to property 3,4,5 etc so that you don't get stuck on your journey.Hope that helps and best of luck!

The real problem is that the vast number of beginning investors never bother to learn their state landlord tenant codes before they invest.This is my pet peeve with new investors...trying to operate a business requiring knowing the law without having the desire to learn.They should never be allowed near tenants, they need a PM.On the other hand responsible investors that learn the laws first I would strongly advise self managing.

University Circle is a solid area, and homes in the Edgewater neighborhood are also desirable.

The neighborhood is desirable, so renting it wouldn't be difficult but it would be niche because of its size (4/3, office, dual living rooms, game room).

You may have to start in a less desirable area or a home that needs some work or is more dated to get started, even with the house hack.

A location like beachfront property or a desirable class A neighborhood.

But its in a less than desirable area so the bump in prices isn't going to continue - partially due to the high taxes those areas are seeing.