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.

Phil, I guess I would so sum it up by saying when I invest this year, I will continue to favor real estate over more traditional investments.

:)I think federal law trumps state law if it is more stringent in favor of the bonafide tenant and vice versa.

Most auctions love investors who come with a suitcase full of cash ready to close, and most auction favor them.Joe Gore

They may frown on it in theory, but in actuality you'd be doing them a favor by exercising their valve for them :) I'd bet that they guy they would send out to do it for them wouldn't mind you doing it.

If the appraisal does not come back in your favor, then you might consider approaching your tenants(if they're really good tenants) and see if they might be interested in a rent to own deal.

I'm sure their are those that would argue in favor of this approach; after all, Aristotle did say, "What we have to learn to do, we learn by doing."