Would you plan to live in one of the units and rent out the others or rent all the units?

This is why having a SOLID plan in place is essential.401(k) - My partner utilized this for our initial round of funding.

Plan on 1031ing into it purchase price of 11m with about 3.5. down. 8% cap rate @ a 6% rate. 

Are you planning to invest locally in New York, or are you open to investing out-of-state?

You need to read the law and take it into the planning dept. 

I have invested in syndication deals, completed fix & flip residential, I currently own one STR in Mesa, AZ, wholesaled residential properties and small residential developments after completing preliminary planning, built a duplex for rent from the ground up, etc.

Make sure you don’t put yourself in a position to lose the $2.4m if it’s part of your future plans. 

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

We just refinished renovation and requested our final draw, which went to plan.  

I know that the area has more plans for expanding so I think finding renters would be in my favor if I were able to find a rental home.