I'd strongly recommend seeking out other purely passive accredited investors and focus on building real relationships.

And I try to be supportive of anyone that's attempting to build a portfolio.

I know the rules for Owner move in state that: "The existence of a vacant comparable unit in the building which is also suitable for owner-occupancy is a factor demonstrating possible intent tocircumvent the Rent Stabilization Ordinance [RAC Regulation 613.04] ".

While we were unsuccessful with wholesaling, we learned a lot and had aspirations of building a RE portfolio based on the BRRR method.

 If you need a direct hands-on approach to evaluating deals or lead generation, lets connect and I can help you build out the Perfect System. 

I view the heat as a more significant return than I ever would for the water because it runs me about $1500/month on my buildings.

I’m in the process of switching several of my buildings over to individually metered propane heaters so the tenants will become responsible for their own heat costs and more accountable in their waste of resources.

As you hunt for property, if you are on orders and know you will be leaving that market in a few years, then this home purchase could be an awesome way to start building a rental portfolio.

Put 5% down, maxed out 3% credits, got an additional $3,000 out of inspection items, rolled commission into deal, after all of that and prorated rents we only came out of pocket $2,000 for the acquisition.

Maxed out 3% credits, ~$2,500 on inspection items, rolled commission into down payment.