“I wanna buy a multifamily” is different than “I’m interested in 10-20 unit apartment buildings for $800K up to my pre-qualification limit of $2.3m” which is different from “I wanna house-hack a triplex” which is different from “I’m looking for a seller who is willing to owner financing a deal with zero money down”.

I own a partnership Llc and I want to buy a small apartment building with some of the profit.

As you can see this adds a lot of complexity that I personally don’t think is worth it for the small time investor By time you get to commercial properties you’ll need an llc then anyways

Turns out if I had a partnership this would be more complex, but since I’m transferring title to my single member LLC they’ll still recognize the insurance if needed.

There may be a long-term condo/apartment housing glut in the next 5yrs, but i don't think short-term rentals will be affected in quite the same way...Re. inventory vs. zero job growth:  Yes inventory is increasing, and yes job growth isn't breaking any records. 

I'm looking to acquire a few rental units in the Sunnyside/Brookhaven area of town and while the rents are strong I am curious to hear a Property Manager's - or other investor in the area's - thoughts on what the area is really like and is it a part of town where investors have to chase rents? 

My company hires them to control traffic out of our complex.

My partner and I could then continue renting our current apartment.

You have to ask yourself exactly how you envision your real estate investing to go; do you want to be apart of every little detail or would you prefer to take updates and write checks and enjoy your life with family and friends or doing the hobbies you love to do?

All properties show up on your personal return.If you've bought five properties, fixed them up, and rented then, you have a complex tax situation.