Hi Latif, I will be the first to say that I'm relatively new to this, but have spent the last 6 months deeply educating myself through local RE investing clubs, Fortune Builders, BP and other blogs and podcasts, and many books.Generally speaking, the only house I'd recommend paying down is the one you and your family intend to live in for the next 10-20 years.

I just ran a report on one of the bread n' butter properties I do for clients and this property has been running for 10 months (since last october). 

This has been well established for a long time. 

Any help is greatly appreciated, and I am also not looking to outsource to anyone, so thanks for wanting to inquire, but please provide some help alone if you have any**Also side note there is not even comps for long term rentals in the area either, I am a realtor and have never seen something like this, I even went years back to see. 

Construction costs have almost doubled in the last 4 to 5 years. 

Before that it was primary residence since January 2019.Do I need to sell it this October to avoid capital gains tax to qualify for 2 of last 5 years exemption for capital gains (up to 250K single, 500K married filing jointly)?

Hey all,Long time follower.

Thank you for checking this out… I hope this information is helpful to you or someone you know in the New York market.If you are interested in 2-4 unit properties in Queens, Brooklyn, the Bronx, Westchester or Long Island, this will give you a sense of what is happening in the NYC metro area.

Yes i looked into turning the basement into a mid term which could get me anywhere from 1800-2400 from traveling nurses. long term I'm seeing 1500-1700.

If you sell after a couple years, you've gained appreciation and still get to keep the profits tax free if you've lived there 2 out of the last 5 years. 2.