A lot of rent control and eviction protection... you may not be able to evict current tenants or raise rents to market levels. 

@Jenna Williams - While each program has their quirks some of the bigger players are Yardi Voyager and MRI... which are expensive decisions as @Laticia Braxton eluded to, but become necessary once you reach a certain level.

I think that once the NY exodus settles down and we see an end to our worldwide situation,  prices will stabilize and correct to some degree, but don’t expect them to correct to pre-pandemic levels.

Other than just working earning a paycheck and saving I’m not to sure what to do to really get to the next level of wealth generation.

I have 12 frustrated buyers at all levels, who are losing out on offers.

Like someone trying to sell you the High Level Bridge. 

Re-direct the downspouts away from the structure, if the house is below street level dig a dry well.

TLDR: Seeking advice on whether/how feasible purchasing a three-unit RT-4 to convert into owner duplex and one income unit is and still qualify for historic tax credit adaptive reuse incentives at federal and state levels, and welcoming any service provider recs to make it happen.The property under consideration: an 1880s 3-flat with a full unfinished basement. 

Thank you all, I thought it was some next level strategy that only dedicated tenants would apply before seeing it.

I've rented from them and I'm not sure I can provide the level of service they're doing...they're pretty awesome!