Also, ground rents are extremely popular as an investment and many people still pay hundreds of thousands of dollars for large packages.

Depending on the bank/lender of choice you may be able to get 70-75% of your cash back out of your rental to invest elsewhere and still pay low interest rates in today's market.

It's a strong market, people are moving here, there are a lot of jobs, very low unemployment so it seems safer to invest below the 1% rule in a market like we have here.

I have experience in both distressed low value residential RE and student housing, and I'm excited to learn more.

I am looking for a low cost builder, and need to stay around 85-90 PSF exclusive of utilities.

Generally though, the returns in Manhattan and Brooklyn are rather low (I assume because of "stable" property values and appreciation) but with some digging you might find a very good deal. 

I am looking for a low cost builder, and need to stay around 85-90 PSF exclusive of utilities.

Reasonably priced homes and good turnover.The inventory is low and every day 2x as many homes go off the MLS than come on, which means the inventory keeps shrinking.And this is when home ownership is the lowest in 60 years at 62%.

Just to set the record straight here on BP the term House-hacker refers to a multi-family residence where you live in 1 unit for low or no rent because your tenants rent is coving expenses.

It is easy to tear stuff up, and you will save a pretty penny if you do so.Go to the home depot, home emporium, lowes, lumber liquidators, everywhere and get your prices on paper.Labor is expensive, but if it sounds like a ridiculous number, it probably is.