My wife and I do both have term life insurance that we plan to stop at some point when we are comfortable.

Let me start by saying that I've always loved the area, for vacationing and otherwise, but never thought about investing there. 

I am purchasing a place that used to be an assisted living facility.

Hey there, I secured a 10-acre property back in May that can be subdivided into two fives.

Are you generally seeing cash flow positive deals from day 1?

There are posts here on BP about them, might want to check them out.

Honestly, big banks have terrible rates on mortgage.Work with a broker, they are your best bet; pricing beats big banks 9 times out of 10.

The portfolio of homes would do a lot better if the rates weren't trash, and since they are a bigger pockets member they became aware that you can wrap up a bunch of single family homes into a single commercial mortgage (sometimes called a "Blanket Mortgage"), generally if they are geographically concentrated.

If there are any NY market stats/comparisons, you'd like to see in the future, post a reply or shoot me a PM.Below is a quick Q3 comparison between this year and '23 for Suffolk County:Summary:- Single Family values continue climbing- Multifamily Properties are selling faster than last year - Market activity (sold properties) has remained steadyMultifamily sale prices have (slightly) dropped despite sales activity remaining similar to Q3 last year.

There were several issues  but here are the big ones that ultimately led to us backing out of the deal. (1) The right of first refusal provision which mean't the seller had to convey the sale info to the cell tower company and then receive written permission for the sale to go through.