Additionally, downtown in the NoMo and Upper East Side areas there is money to be made as those areas continue to see new developments and infrastructure.

Then look at the most successful STRs for that type of home, in that area and that should give you that upper limit of the potential of your home.

(Duplex—-fixer upper)Getting started is fun and exciting.

Queens is more convenient to midtown and the upper East side.

If you are looking to scale in a way that will allow you to use the same money over and over again and acquire more properties, you should look to get a HELOC on your house, find a hard money lender, find a fixer upper in a good air bnb location, contract everything out, use your cash to pay the hard money lender and leave your HELOC untouched for emergency reserves in case you absolutely need it (or are ready to have multiple project going on at a time.)

Also, have you found you got an upper leg on growing your own portfolio since becoming an agent?

Paul, the upper unit's furnace is in the attic, and blows air down through the ceiling. 

My first flip was done with a house that was given to my dad but it was a big fixer upper (which he did not have the money or energy to do) and also need a lot line adjustment to correct the property line as this house sat on a Parcel with 2 lots.

Lower unit came with a tenant, I occupy the upper unit.

@Chris McTyreBecause the retail buyer of today is not interested in a fixer upper or something in a rougher neighborhood.