:)(I don't know that specific market or what a studio garage conversion goes for... maybe only $625/mo and it's "only" 25% CoC ROI that he's looking at...)

I originally grew up in the DC/Maryland/Virginia area, but for the past two years, I have been working as a software developer in lower Manhattan.I have basically zero background in real estate, but I hope to learn a lot from this community -- enough for my wife and me to invest in one or more rental properties within the next two-to-three years that will give us a nicer return beyond our retirement mutual funds. 

It’s 16 units mixed with some studios and the rest are 2 bed 1 bath (I believe) I have an office building now that I’m looking to get out of and that’s how I’ll be putting the down payment on this property.

You shouldnt focus/invest in all kinds of multifamily (ground up development, small multis BRRRR, large apartments syndication, medium size multifamily wholesale, etc).

Developing a skill and getting a good specialized education in college will assure you will make more than your less educated counterparts .

Hello BP Community,Just wanted to introduce myself. I've been lurking for a couple months as I've been in avid learning mode. I have so many ideas on avenues in RE I'm interested in pursuing I admit at times it's over...

Here is one that I developed a few years ago when we used to bid at Florida auctions (Can't get formatting properly):1Property Search & Filter Search properties a minimum of 5 days in advance, valued between $XXK and $XXXK2Review Crime ReportsAvoid high crime and high vacancy areas3Determine ARVMake an informed decision of the Fair Market Value/After Repair Value based on comparables, tax assessment and physical condition4Enter Property Data into SystemRecord ARV, Assessed Value, Sq Ft, No.

Caught a lucky development wave and crushed it on appreciation gains. 

I’ve even thought about buying the land and developing a street with duplexes or 4-plexes on it. 

Hey BP,I'm a software developer of 5+ years but have no experience in Real Estate.