The property is up the block from where I currently live in Long Island, New York.

. - Power was out for an extended amount of time which caused the sump pump to back up and flood the basement about 6-10 inches but it appears that Fannie Mae went in and cleaned everything up after getting the power restored.

So I am thinking about getting into multi-family buildings in the New York area.

It would cost probably ~15-20K to do what we hoped to do to restore the front wrap-around porch and new front entryway that opens into the hall instead of LR.

Hi,About 10 years back I used to co-own 6 units in Buffalo before selling to move to Rochester, NY. Been focusing on work and now looking to get back into real estate to diversify. Came to BP via podcast and looking t...

It is available at the county level.However the rate you find will likely be the homeowner rate which isn't comparable to the investor (NOO) rate.The NOO rate varies by county and city municipality.That said I am in York County, SC and please do not shy away from wholesaling here.

What license/permits do I need to obtain in New York State to run rental properties?

Yesterday, I read about a Rehabilitation Tax Credit that provides what appears to be a 10% tax credit for restoration and rehabilitation costs do properties built prior to 1936 or a 20% credit foe those that are certified historic structures - such as on some sort o historic registry.I have a rental home built in 1920.  

I currently live in Germany, but I'm originally from Schenectady, NY, and also lived in the San Francisco Bay Area for quite a few years, among other places.Soon I'd like to come back to the States and buy, restore, and hold a small multifamily (2- to 4-plex), living in one of the units and renting out the other(s).I'm not committed to a location, but areas I'm considering (where I have some ties) include:- NY Capital District (Schenectady, Albany, Troy, Saratoga) - New Orleans, LA - Austin, TX - Denver, CO- Bay Area, CA Some of these (Bay Area, Denver, Austin) are probably much too competitive/expensive to be realistic, and I'm definitely open to other livable, growing cities as well. 

By "surrounding," I mean outside of New York City.Thanks!