I am a construction worker in NY and get laided off most winters for 1-2 months.If i bought a small multi family 1-3 units would i still be able to collect unemployment during my layoff. 

I specially like highly distressed value add properties since I also a partner in a construction company and we do all of our own work.   

Regardless of what I had I felt more comfortable with the construction business.  

So it's been a few days since I've taken the time to invest in writing on the posts...so for those interested in the numbers on this deal, here goes:The list price was just under $600kMy first offer was accepted at $200kMy two partners and I each invested $20k to purchase the property (1st mortgage)We took a second mortgage of 5-years for the construction (rehab) loan totaling $250kCounty assessed the property at $750kThe fair market appraisal was $450kWe developed a 3-phase rehab of the property which included p-1 to replace parking, repair all roofs above spaces less than 6,000 sq. ft.

Regardless of what I had I felt more comfortable with the construction business.  

But I have also done new construction and flipping, both commercial and residential.My wife and I ( + 1 yr old kid) are thinking of moving south to get away from the Chicago weather.

There are many posts on BP with differing opinions.For what it's worth, here is what I use:A = relatively new construction in good school zones with high rents and white collar tenants.

Ron, Steve Bond has amazing multifamily new construction investments and he is extremely knowledgeable about everything investing, also one of the nicest guys you'll meet.  

The only problem with an app is that construction cost vary so much based on different factors.

My father-in-law own a maintenance and construction business and my wife and Sister-in-law have the time available for research and research.