Setting defined criteria will allow you to focus on higher value add activities.

If you are defining lenders by the source of the funds, there are hard money lenders to lend their own, and hard money lenders who accept investor funds. 

There are other aspects  of the new laws that may affect building.

Have you ever hear of or worked with someone who has exhausted all aspects of contacting the last person which is an heir to a property?

An attorney for the legal aspects and a CPA for the tax implications.

I am still weighing my options, looking at my individual circumstances, and defining my goals.I live on Long Island (yes I know…competitive markets, tough, lots to consider) and would love to hear from, and connect with, folks who have some experience investing in Long Island (or anywhere for that matter.)

So I wouldn't be too shocked if investors just start dominating aspects of the markets, buying up SFH starter homes of 1500 sq feet.  

I am brand new to real estate and the investing aspect of it.

I live on the other side of the state, but did look at Memphis before deciding I wanted to invest more locally.Some of the things to watch out for is that Memphis has good areas and bad areas, but they are not clearly defined like in some places. 

@Anthony Sanzari a first time homebuyer is defined as someone that hasn’t had ownership interest in any property within the last 3 years.