Now, you need to figure out how to find deals and pay for them.

@Jim Reynante Appleton is a good place to invest!

This is the breakdown:2 tenants on month to month leases ~$250-$350 less than market1 long term tenant (15yrs) is now on month to month lease and is paying $1500 less than marketAfter consulting with a couple of people and doing some research, it sounds like anything over a I should apply banking rent raise and submit a 60 day notice (all of these units fall into that category).

You have the management piece figured out, revenue side looking up, and the area is good.

I have no debt, a good stable job making about $60k+ gross, and $20k saved up with about $10k in my 401k that I'm thinking about using some if not all of it towards the closing costs of the home I want to buy.

Since you're aiming to purchase a multi-family property in Long Island, especially with the help of a capital partner, it’s crucial to run the numbers carefully (rental income vs expenses) to ensure you’re set up for success. 

If you want the deal to be "held" until February, yes.

Lots of smaller towns up and down 75 are in need of housing.   

Suggestion: AVOID LIKE THE PLAGUE.I never received my order, no eta, and the only response I received was dated 10/21 saying they’d contact the manufacturer for a status.

I'll have to check that one out!