Great city.  

I guess we will see what the City Council decides in the future.   

I have a friend relocating from San Francisco to New York City.

Hello everyone,I am a buy and hold investor based in Jersey City, NJ. 

There is a housing shortage in the city and rents for this are going for $900.Manufactured Home 2bd / 1 bath Current: $17k cashARV: $25,000Rehab: $3,160 Space rent: $515Rent: $900Tenant pays water, electricity, internet, etcIt feels like a good buy and hold strategy because rental are in such high demand in the area. 

As to whether it is a decent deal, unless this thing is in a major growing city you can probably find better if you aren't including a management expense.

It may also be possible the other development that happened in Kenosha County is finally reaching Racine.I own rental properties in Janesville (probably 2 hours west of Racine) the city is doing a massive reassessment this year.

Also I am not considering any baltimore city properties at this time even though they have plenty of multis.

It’s also in a city I know very little about (Norfolk, VA) here are the numbers- I welcome your thoughts/ insights:$259k - sales Price (4- unit building fully occupied)$1460- total mortgage payment (after 25%) down $305- Property Management Feee (10%)$105- trash (total water is $315 p/m but seller bills water to tenants and has it written in the lease)$60 - lawn careTotal rents are $3050Owner says monthly expenses are low.The best case scenario is net income of $737 assuming $400 extra monthly expenses (for worse case scenario unexpected expenses which always come up) and assuming all the tenants pay their rent.Positives- - Seems to be a good cash flow if expenses are kept low and everybody pays- 4-plex is located in an 85% residential area- building is ok condition (built in late 70’s) except roof is 18 yrs old- all tenants are gainfully employedConcerns- while the neighborhood visually looked fine, according to crimemapping.com its a moderately high crime area.

@Marelyn ValdesYou (and others) need to understand your city/state and how past-due liability works.