"Over the 2002 to 2005 study period, houses equipped with smoke alarms and a fire sprinkler system experienced 100 % fewer civilian fatalities, 57 % fewer civilian injuries, and 32 % less direct property losses and indirect costs resulting from fire than houses equipped only with smoke alarms.

I plan on looking at multiple options before Illini the trigger and I know HML can also help out with vetting the prospective properties.

If you are getting close to pulling the trigger, perhaps my experience can help you out.

Im thinking of pulling the trigger and buying a two-family home for 100% of the cash down.

For years I've been listening to people that you can't invest in NY and make a profit, so been looking out of state and never was able to pull the trigger.

Don't forget that tearing down a house can be a very significant cost and can trigger a different set of zoning regulations.

Pushing 10% and over and that is LOST revenue and increased expenses to add insult to injury. 

You could use that time to educate yourselves on REI and make some connections and network so that everything is in place when it is time to pull the trigger.

So don't get stuck learning and never pull the trigger.

The closing of the sale at that point in time would trigger your 1031 Exchange, so make sure that you have a Qualified Intermediary in place prior to the closing of the sale property.