The second question to ask is can I be successful wholesaling ,  what are the true income possibilities, what are the time commitments, etc.  

Hi,I know what I'm asking is not legal, but it also doesn't stop the 30,000+ not legal apartments that currently provide a home for families in Queens, NYC that would otherwise not be able to afford to live there.I'm just trying to see, as a landlord, are there certain steps I can take to reduce any potential risks I could face for renting out the apartment?

And then you lose all your bene's and raising a family and paying for health insurance is a big deal. 

Milwaukee born and raised—I currently live in Madison but I still travel to Milwaukee frequently and its where my family and real estate business is.My faith in Jesus Christ is a huge part of who I am and guides everything I do.RE InterestMy Real Estate Interests currently included, small multifamily buy and hold, house flipping, house hacking, and BRRRR.

I have decided to start with small family ( 2-4 units).

Hello Bigger Pockets Family! 

Investment Info:Large multi-family (5+ units) buy & hold investment.

My wife's family used to rent their properties in OGT for 3 decades and recently sold them.

My first property is a single family home in a great area that I also purchased-200k- as an owner occupant for little money down and I am managing.So both previous properties have really been nothing alike, and there are pros and cons to both.

Buying a single family residence was technically easy as I knew what I wanted, where I wanted to live so I just waited for the right time to strike.