Its definetely not a unique location in that regard.

Many times I have found crack pipes , filled up condoms and feces covered &ex toys in my apartments .

If it was me I'd invest 50% in apartments, 10% in a long term/tax deferred account for later in life, 20% in stocks/mutual funds, 10% in liquid cash, 10% for a risky investment or something you've always wanted to try and 10% for fun, toys, vacation, etc.

The house was VERY unique, the type of house that captivated you, soon as you walked in with every room giving you amazing views at one of highest elevations in all of McHenry County.

If no mortgage, You can potentially structure the deal as a flip and list or possibly a seller finance deal ... if there’s a mortgage you can offer to do a subject-to...  Yes

UNIQUE TRANSITIONAL CONTEMPORARY WITH STAINED WOODWORK THROUGH OUT.

I wouldn't compare the 2 property types using the same metrics - especially given the unique market conditions in New York City at the moment.That being said, I'd recommend the house-hack route in which you specifically target 3-4 unit properties. 2-unit properties are also good targets b/c there is more inventory than 3-4 unit properties & some 2-units have ADUs.Depending on which outer borough(s) you're targeting, we can discuss which specific areas would be the best fit for what you're looking for - Overall you'll find higher cap rates & IRR the further North and  Southeast you go from Manhattan/NYC (i.e.

The other option is that they remain on the hook until a replacement tenant is found.Your situation is unique because they probably have furniture in the unit.

s point of "it depends" is spot on- real estate investing is not a one size fits all approach, the best plan for each person is unique to them.Personally, I'm seeing a lot of investors from California and other similarly high priced areas investing as out of town investors elsewhere.

It’s in an up and coming neighborhood with a unique corner lot that gives tenants yard space and parking unlike the rest of the multi units on the area.Purchase price: 865kPITI: 5200k/MoConservative Market Rents 3/2: $26001/1: $13501/1: $1250The property also has a large parking area that can fit 6 cars that I’m thinking of charging 150/Mo per space.