Least risky form of real estate investing, thus its hard to get cashflow.

Those positions are hard to come by but if you can find one and get your green card, you're set! 

But for large multi-family, that amount hardly covers your legal fees for one transaction, let alone down payment, due diligence costs, lender fees, other closing costs, etc.

They'd be much better off being a Hard Money Lender and make 5 times that (and every repair to their "investment house" is paid by them...So, if you put $10k down on a property and make $150/month net cash flow your Coc Return (annualized) is 18% which is Very Good.If you followed that and understand it then keep looking for a deal.

New York is hard to evict people and you'll end up spending more time and money doing it yourself.

At that point we hired an independent appraiser and the numbers came back good and the hard money lender agreed to use them.  

Not sure if hard money would be the correct route to go for this one or not

I assume because the profit wasn’t that good and hard to get loans.

The aspects that would make me look very hard are: 1) how do I ever actually get my $$ back out of the UPREIT?

But its only removed on that one site and not from searches or viewing via search engines.Well put Jon, and exactly why people should think long & hard before using their last name online.