Hotteenia Jenkins No rain in sight :) I’ve heard that advice before and although at first I didn’t want consider investing in NYC because “it’s too expensive”, I lived in this area the majority of my life (moving to Brooklyn only 4 yrs ago) and my mother lives about 5 mins away.

It's a great way to get educated while still being productive.

Major employers moved in?       

Yes your return will be less than you're used to but it will eliminate the majority of your headaches if you can find a good property manager.If you do decide to sell, selling one at a time will probably net you the most.

Why do you want an FHA mortgage product?

The unit I am living in is a 1 BR/1 BA on the second floor of the building...the door to the attic is right outside my entrance and goes up to a big open area that USED to be 2 additional bedrooms, however, it has been vacant for years as there was a fire in the 80's.My handyman took a look and agreed that he could definitely add the 2 bedrooms, no problems...I know egress windows will be a major factor and I am also looking into the heating and electric to make sure it is linked to my unit's heater/panel.What else should I be looking/planning for?

Being queens, I'm assuming that this is an older building, and with a $10k budget, you are replacing any major items.

Zero coupons are 1031 compatible products that do not pay monthly income but are assumption of debt for a value add project that let's the 1031 investor park debt in exchange for a payout later rather than mail box money today. 

Hi Account Closed, I haven't had to do any major contracting work in my RE experience yet, but I did start doing research for a new multi-family construction/build in Hampton Roads and got great guidance and traction with Gary Tiller of Tiller Construction Company.I found him through buildzoom and he was one of the first contractors to respond and call me directly.

It's interesting to see how these people (the majority of which are experts in their fields, and are looked up to) view money.