Correct me if i am wrong, A HELOC is like a credit card in the means that you only pay interest on what you use. you can access it over and over again and pay it off over and over again but you don't pay interest on anything more than what you pulled out. where the cash out refinance is a loan so if you don't invest every penny into something then you are paying interest on money you aren't using.

The reason I would say Queens over Long Island personally is that you have a mor Renters demographic in Queen were transportation is more accessible and multi family conversations are happening at a rate that could make your head spin seriously right around the corner they tore down a single family and built not one but two duplexes rite next to each other.

It is simply a means to diversify your savings into an asset that you may understand better and have more control over.For you to have access to the funds personally, you would need to take a distribution, which will involve federal and state taxes, as well as a 10% penalty for early distribution if you are under age 59 1/2. 

If the funds are accessible, you should consider rolling them over to a Checkbook Control IRA/401k that allows you to invest in real estate within the plan, rather than withdrawing and getting hit with taxes and penalties.

Professionally, you can build a network among licensees which may provide access to pocket listings. 

I'm interested in a remote-access system so that people can buzz in deliveries even if they're not home since we don't have a doorman (and packages get stolen all the time here if left on the steps).

I will have access to funds for a down payment and closing.

Your best options are:a) LoopNet-->filter it to Multifamilyb) Find commercial real estate brokerages and view their listings directly on their website  (some brokerages will have access to the pertinent documents for a listing on their website, or you will have to request them from the listing broker)Looking at and starting to analyze deals will give you a background / solid base in how multifamily works.

There are point of use water heaters but I also assume the previous renters got hot water during their rental period.I’m certainly not telling you if you have access to the water heater to turn the red dial on the bottom to a hotter setting. 

I bought it in Metro Detroit, but recently Magic Johnson just partnered to do a development several blocks south of my rental.