I'm trying to dip my toes in this business while holding a full time demanding job in Manhattan.  

I've spent some time in the area and have spoken with some real estate brokers and it seems it's definitely a sellers market, but more accessible than Brooklyn or Manhattan.  

I am looking for a mentor to discuss residential investment in Manhattan.

"A" tenants mainly consist of high-end white collar professionals (think of New York Manhattan high rise buildings), whereas "D" tenants are the other extreme (really low income neighborhoods").Keep in mind "A" tenants does not necessarily mean that they are easiest to handle.  

They currently have an equity offering for a mixed use highrise in Lower Manhattan that I am seriously considering funding with some money from my self-directed IRA.  

So yesterday I went to the local housing court in Manhattan (NYC) to look for public eviction filings.I had access where I could search for either case # or name.

25 Years in Real Estate and Finance as an Investor and Licensed Professional in Multiple States has brought me to the threshold of the greatest development area since Manhattan Isle.

I don't care to remove every single wall and gut it from top to bottom, if the plumbing and electrical are OK I will keep it.My whole gut renovation thoughts were based on making it look as nice as possible while minimizing energy and water bills as this building is a half hour outside of Manhattan so utility bills can get wild.I'm focused on doing the following:-Installing new energy efficient windows-Wrapping pipes to lower heating and hot water costs-Installing a high-efficiency gas boiler-Putting on a new roof-Installing low flow toilets, showers and faucets-Ripping out sheetrock and double insulating the walls that are most exposed to the elements.I'm not sure if that qualifies as a "gut rehab" but I know the scope of work is significant.I'm just assuming it will take around a month per unit to put in 6 new kitchens, bathrooms and sheetrock and put in the new boiler.As to the layouts, I'm working with the city to get a chance to go in and take a look but I won't be changing the layouts.

I found a two-family townhouse in Manhattan which I would like to buy.

Its also very safe, kid friendly with parks and farmers markets and in 15 mins you can be in Midtown Manhattan.