Hello family,What zipcodes in East coast are best for multifamily in this current climate...in terms of occupancy rates, cash flow, appreciation?

Purchase price: $295,000 Cash invested: $22,000 Before moving into this house we had to add piers under the hours as the previous were not grounded with cement.

Sometimes the emotional peace is worth more than the money. 

The vacant lot, if buildable, is worth about $150k.

Also, equity in general (meaning high net worth individuals/families, hedge funds, institutional) are only going to back  experienced developers when it comes to an asset class as niche as data centers, especially since there are so many things that can go wrong: what if that submarket doesn't have a need for that use by the time you are entitled? 

I could do all cash with perhaps some help from family (less than $15k) or friends/partners (one has asked me to find something he could join in on with $20k, the other serious one has about $35k-$50k to invest with me). 

Once the property is rehabbed you can look into a DSCR loan to cash out on the new appraised value.

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Keep the current house, cash-out refi at higher rate for cash, and convert to investment property (assume 0 cash flow per month).

Fannie/Freddie have more restrictions in terms of experience and net worth to qualify.