I am assuming this was written in the 2000s when rates were much more favorable compared to what they might be going forward.

Strike 2 against you on this: no previous landlord experience; for the rental income to count favorably in getting a loan, 2 years of tax returns showing that rental income is a quite common bank requirement.

This is just one of the the telltale signs of a financially distressed property owner who might be willing to sell at a discount, or on favorable terms.

I don't know anyone who is in favor of that, therefore making the "protection from government" argument moot.2.

In addition he also needed to have an LLC set up on Nevada or Wyoming there state laws are in favor of business owners.

If you have cash you can also attempt to buy the note from the lender at a discount and work out an arrangement with the seller that way.You can also assume and ask the lender to write down the mortgage or change the terms to more favorable rates and terms.

Which will probably mean missing some good deals, in favor of getting the "crazy good" ones.

I have both, but points favoring MFR:The monster difference is .....

Hi Laura,I do triple net and multifamily nationwide for clients as well as I invest myself.In addition to the high taxes and old building doesn't many parts of New York have rent control and favors the tenant with landlord laws correct ??

Maybe with beach front property at the million dollar mark for a lot.Depending on the cemetary, a plot about 4x8 considering walking space sells for around 5 to 10 k in rural areas and can be 20k depending on locations and favorable soils, water tables and amenities.