Owner pays water.Need to find out about sewer, garbage.I'm sorry to rain on your parade, but right now, the price seems to high to me.I would rather not enter into a poor deal, so I appreciate the feedback.What price point does this deal make more sense to you?

I was trying to get a sense of what's everyone cap rate if this is the land play. 

If you will you need to raise a large amount of capital for downpayment on a MF then flipping might make sense to get there.

Consider others strategies as well that might make sense for your current situation and future plans.

First, I was 21 and uncomfortable spending a lot of money; secondly, it was after 9/11 and I was being sent all over the world ALOT so it didn’t make sense to have an empty house with a mortgage 6 months a year; finally, living next door to my tenants was a great way to get my feet wet as a LL.

I'm sorry if this is a stupid question, but I'm just really starting to research this stuff and some things don't make sense to me...Ok, I've read in several places that multi family units are what many aim to buy.

There are a lot of properties on the market (that are selling quickly) that the numbers don't make a ton of sense. 

If that makes sense. 

opening a local checking/saving account makes sense to make it 'win win' for the bank. 

It wouldn’t make sense then since I work full time in NY and can’t dedicate myself to it fully.