I am looking to buy 2-4 family buildings in 2 areas close to NYC.I'm looking for an "intelligent" thought process as to which area is a better investment.I'm usually a long term investor who buys and holds unless there is a crazy market like before but I don't expect that anytime soon.Area 12 Family is 200k.Taxes 3kRent $1900 (950x2)Travel time to NYC is 35 minutes and you need to take 2 trains. ($4.00 each way)This area is a rough area that was getting better and now is quiet.I had a few buildings here and sold all but one in 2008 because prices went up so much so fast so I took the profit.I can get good tenants but I have to show the unit 10-15x.

The broker has about 3500 agents, so there is a good training and support infrastructure.

I think it was really giving me training to go work for someone than it was to prepare me to invest for myself.

They have training video's.

Etc.Further, one of the things I learned in safety training in a previous job was the difficulty with enforcing safe work practices is "sooner, certain and positive."

Unfortunately I won't be able to make it tonight, I have a scheduling conflict with one of my personal training clients.

They are looking for people that can specialize in business with specific training the company way.Business degrees like accounting and marketing are fine with other liberal arts classes that teach you how to think rather than rules and proceedures such as accounting (accounting doesn't get too creative until you get to a higher level).Overall, I'd suggest mixing it up if you want to be in business, get a well rounded broad base education that can provide flexibility in the future.Good LuckTechnical degrees were sought as well, programers, engineers and science types.

Noone ever wants to believe the gravy train has stopped until they have no choice but to believe.Amazingly enough- Not by choice to be honest- but my buying habits started in 2001- 2003.

That is the best way to get a good grip on it... your tax return should not be viewed as an opportunity for on the job training!

Remember rule #1 "Either you train your tenants, or your tenants train you" I suggest a tenant retention program.