Because it has frontage on two streets I have some substantial setbacks that restrict all but 1,200 square feet of the property (roughly 80x15ft).  

But I have had success there.MLS:  Access to realtors who might be helping tenants of their own. 

People like to live in Queens area because of accessibility to subway and close to Manhattan. 

Hi all,I am new to BP and just starting to research how to start becoming a buy and hold investor under extremely limiting circumstances and was hoping the BP community could shed some light on the best financing strategy to use for my first few properties.Current Financial SituationA little background on my current situation: I am 28yrs old working in television in NY ( making roughly 55-60k a year- yes it is brutal) I just bought my first primary home 2 years ago in Williamsburg, BK to lock in how much I’m paying for housing year over year in a place where incomes don’t increase as fast as rental prices (2 bd for 340k (this is an HDFC which is how I got a home for this price in an area where the median price is 1.5 million) ) so obviously my DTI is extremely high at almost 60% with no other debts besides my primary home (I also have a roommate who pays me $900 a month for her room which helps with about half my total monthly housing costs) (had a great mortgage broker that really helped me wiggle in to my first home)I now have about 75-80k in equity in the home and access to a family trust with a similar amount of money in it and was looking for the best way to turn buying an initial first property all cash into the ability to buy more properties( out of state of course- looking at different areas in the country from PA to TX to TN to FL).

No shorter than 7 day leases per association restriction.  

Access equity with HELOC and put into another property?

There is easy access to ‘corner dealers’ and there is semi regular gun fire.

Those tenants maybe want a yard, tall parking, first floor access, etc.

@Mark McGuire I would think through whether you really "need" that 18k back. 18k is not that much in the grand scheme of things, and the cost to do a re-fi to get access to that capital would probably be around 4k or so.

We are currently lobbying the Montgomery County council to try to ease these restrictions even further.