Alternatives to NYC househacking include searching in the surrounding suburbs - Long Island and Westchester County.All the best to you on your journey!

Based on all the information I was given by phone and email I set my policy to cancel on 5/08/24 and approved the down payment charge on my card on 5/05/24.

You can invest in class D areas that on paper will show a high IRR of 20% but I would not touch it with a ten foot pole, but in same breath I would consider a 10% IRR where there is no leverage and low investment to value.If the class(a,b,c,) of an apartment building is based on the year it was built than what specifically determines the class of the area?

Noa,You can do a cash out refinance where you will be maxed at 80% LTV so around $140K based on the $175K value.

To your question about the two different options, I think you could likely do both of your scenarios based on the capital amount you have. 

I estimate their combined value based on the current market to be around $900k.The goal would be to extract max cash out.

Thanks all,Preston Henman Define your buy box, which area , what price , what size , how to finance based on your risk capabilities.

Thus, based on my experience you tend to overpay for multifamily properties versus SFR's.

I would rather invest where regulations are set in MI and then you can dial in your search from there just my .02

Additionally, working with a local real estate agent can provide valuable insights and assistance in your search for the perfect neighborhood in Birmingham.