Multiple places, then you start reaching commercial territory when you sell and try to move it all as a business.

In some areas, we board up the 1st floor windows until we are about to start marketing the property.

Because it’s how I got started in real estate investing.

So let’s assume with realistic expense estimates over 1st 5 years you average $250 in today equivalent dollars (it will be a challenge at that starting point).The ADUs are typically receiving valuations below $100k, but let’s be generous to show the scope of the people and say it adds $150k of value. 

Let me know if I can be of any help as you start this journey.

Since you're open to markets beyond NYC, you might want to connect with local investor meetups or REI groups in those areas to build relationships with agents, wholesalers, and lenders who understand the nuances of each market.If you're looking to break out of analysis paralysis, maybe start by narrowing down one or two target markets and running numbers on actual deals.

@Chloe Salcedoi'd start with a house hack.

This fundamental slow in housing starts has caused household formation to outpace new homes (single and multifamily) by 2.3 million between 2012-2022 (Source).

But first, I'd like to know where you're starting from.

It is NOT required by law to sign a buyer's agreement before you start touring homes.