I do think MLS is critical for pulling comps, particularly as appraisals for MFs in the 2-4 range are based on sales comps.

One thing I see over and over on these forums is us newbies, me included, not always considering the 'what ifs' that can go wrong.Just an FWI, I am going to be hoping to pay around 6% roughly for 3-10 year money for buy and hold properties, and maybe in the 8-10% range for flips.

Is 300K-400K a reasonable range for Queens?

But it is a numbers game, you will find some unique situations on occasion where somebody knows they will never pay the taxes and may want to unload the property well before any county action starts.Lots of laws to consider, so do not take my advice as anything more than a suggestion or two on actions to look into pursuing.Take a look at that webpage with the delinquent taxes and look at some of the commercial buildings in the over $5,000 range using "ALL" for tax years.

I currently have an offer of 105k on a rental that will be worth in the range of 140-150k when all is said and done.

Depending on the part of the country this should be in a range of 8-12.

That is a very good question from which you will hear a diverse range of opinions.My philosophy over the years has changed.

Should I go the route of getting a SFH 3/2 and OC it for a year then rent it out after that year, or check out some MFH if availble in that price range?

I'm looking at SFRs in that price range, and I haven't found a lender yet that will finance under about 50k.That said, running the numbers with the 50% rule, your yearly gross income is $3300.

I've called pretty much every builder in Wichita and this is what they've suggested since no one really builds homes here for the price range this neighborhood warrants.