Need help with ROISingle FamilyPurchase Price - 260kTaxes - $10kRennovations - $30kRent - $4k/monthARV - $400kIf I convert it to multi family - 4 unitsPurchase Price - $260kTaxes - $10kRennovations - $110kRent - $5k/monthARV - $500kPlease advise what will be the best option to move forward.Thanks

Chicago has always been such a solid market for small multi units.

Enodo (Multi-Family investors, developers and asset managers) 6.

I have read a couple of Brandon Turners books on house hacking and multi family and really enjoyed his writing style.

I specialize in Multi-Family and Single Family Residential Development as well as Commercial and Flex Space.

You fall asleep for 10 years and you make a million bucks.

The tenant pays a few bucks a month to give you up to $10k in lost rent and damage insurance. 

It is always better to start with a multi-unit 2+ so that if something goes wrong, you still have one tenant to cover necessary expenses (mort, taxes, insur, etc).Also, major renovations are not a great idea for starting out as others said, especially out of state.

I'm seeking opinions and examples of per-square-foot costs for constructing new multi-family developments in NYC. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.House hacking, on my first four unit apartment building.