So, if you and I knew the Fed was going to start cutting the fed funds rate, the traders who do it for a living did as well.

What will it cost to buy the property, how much will it cost to rehab (to include how long it will take), and what will it realistically sell for?  

I'd simultaneously search for duplexes especially those with value-add potential.Regarding volume, the Suffolk towns with the most listed 2-4 family properties since '23 have been Lindenhurst (46), Huntington (22), Patchogue (21), West Babylon (16), and Bay Shore (15).Riverhead has had 10 listed small multifamily properties in this timeframe so it isn't too far behind. 

Started a new Partership earlier this year and got our first house within it.

If so do you still have it? 

Make sure the lender gives you what is called "Non-Dutch Interest" on the rehab portion, that means you do not pay interest on the rehab funds until you use them.

Purchase price: $326,000 Cash invested: $19,900 Sale price: $460,000 Basement was already set up as another unit, so I bought furniture and converted it to an Airbnb while living upstairs.

Talk to a lawyer.If you get in trouble with your city you won't be able to rent it out now or later.

It just depends on how much you pay to get that rate.

@Emory Clayton what other potential renters do you have and what size is the house.