Househack properties in 2024 sold 1-2 weeks faster than they did in 2023.Deals are tougher to negotiate as well. 2 of NYC's surrounding Counties (Westchester & Suffolk) are averaging above asking price sales on 2-4 family properties. 

If you want to be an active investor, get some knowledge about things you will be dealing with.

If you have no desire or ability to go to your own hundreds of thousands dollar investment, why even deal with it?

Experience depends on who you deal with - the cleaner the loan file and more organized your paperwork the smoother the process with any private lender.

Any lender should be able to easily do a HELOC for you (provided your credit is OK), but a local credit union will likely give you the best deal. 

You need a solid proven system to find the deals.  

One housing authority wouldn’t even entertain the request, while another was open to it because it was an affordable housing property, requiring just an application for the exemption.From my experience, dealing with government agencies, especially when trying to save money or get financial benefits, can be a slow process.

Quote from @Tayvion Payton: Hey everyone,I'm evaluating a multi-family deal and could really use your insight.

Set your boundaries in advance, and if the deal doesn’t meet your criteria, politely bow out.

I have a single family deal lined up now that I’d advise any investors new or seasoned to check out.