Patchogue, New Hyde Park, Valley Stream, Elmont, Hempstead, and many more areas.I'd recommend searching areas that have higher volume of 2-family sales.

I am pleasantly surprised to see such a high volume of active users in BP forums. 

@Malgorzata SadowskaWhen I try to talk to them To convey a message I Inadvertently speak very loudly and my wife tells me not do that because they can hear fine lol it’s the language they don’t know not the volume !

I know a builder can build a $500,000 home with minimal increase in expenses compared to a $200,000 home so there would need to be an inventive (maybe volume of units) for builders and contractors.

From there call the brokers in town and ask three questions.1.Inventory in the Market (# of owners and units)2.Sales Volume per year3.Transactions per year From there you should be able to see if it's a viable market to go in.

You have to have volume to make the numbers work.For instance, you may spend several thousand dollars for marketing your first space. 

Its probably going to be very hard to find someone, servicing is a super low margin business that requires on significant volume, it would likely be impossible for a servicer to make the economics work on a one-off

The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes increased by 3.4%, number of 2 bedrooms homes increased by 6.9%, volume of 3 bedrooms homes went up by 2.8%, 4 bedrooms homes inventory increased by 9.8%, 5 bedrooms homes became 4.4% more available.

DMM can yield great quantities of motivated sellers but you need volume and consistency.  

Another aspect of so much of that loan volume being in that part of the country is that many of the DSCRs are excellent even with todays rates (1.5 + and 2.0 + are common for me to run across).