Hi Sean from Long Island, New York-You are 18 and wonder if you should buy a duplex on Long Island which is an expensive area and likely would negative cashflow for you if you lived in one side--at least at first.You currently are still living at home and wonder if you should leverage your low cost of living to invest in a more affordable market.Obviously, the choice is a personal one, but if you could continue to keep your cost of living low living at home you could buy a cash flowing property in several markets in Michigan or similar areas and the equity would build up quickly.Then, you could use the equity to buy the next rental until you were ready to buy a house on Long Island or your priorities may change and you may decide to live somewhere else or work or school takes you other places.To Your Success!

There are short-term rental management companies that can help with that.One that I work with in Michigan covers the entire state and can advise on local short-term rental regulations or regulations that may be on the way, they can give you an analysis of the demand for short-term rentals in that area, nightly rates in that area, monthly occupancy percentage, and projected monthly income.They also let you choose the level of service you would like from them from full service to minimal.To your success!

@Marie Thomas: Yes, it's like selling pizza by the slice, so both renter & investor get more for less. 

If you need me to connect you to him I am happy to do so >In his recent project he was able to build it for under 190k - 1 bed 1 bath unit with about 450sqft and it is going to rent for $1800/m. I

While Treasuries are often viewed as "risk-free" investments, certain real estate deals in today’s market offer a compelling alternative—especially when purchased at a deep discount.Take, for example, a 1,000+ unit apartment complex in a suburb near Michigan.

☺️FIBI when it is going (for investors by investors) MARIE.

I'm an investor-friendly realtor in Western Michigan.

We do have a few deals under our belt up in Michigan and looking forward to our new adventure in Alabama.

The midwest has great options - Indiana, Michigan and Ohio has lots of great sub markets with good cash flow. 

We have a large following on social media and we have great standing with the business association in michigan.