Also, the 40% estimate may be low, as you would increase your gross income by $100K and could easily move tax brackets.

Once perceptions of locals change for Frogtown the prices will go up quickly.Unfortunately the current interest rate increase from the fed and the 4 more expected increases may put a damper on MF properties in the near future.

I've considered the tri-state area, but I feel confident about the Bronx and north. 

Homestead properties are capped st a 3%/yr value increase, along with a $50k exemption.

I understand there is a shortage of supply on the market in many of the areas but can we continue to see an increase in prices within the next 2-5 years and are these prices sustainable? 

Plus, you have an increase in liability the more people/stuff you have on the property.

Increase your networking with and marketing to local absentee owners who manage their own properties.

Eric Hassfurther I used to live in DFW and if you buy there just be aware of the Miller property taxes and increased chance of hail damage as well as the common foundation issues.

Or try out the "blue sky" rent increase to earn $200 more per month?

I am pretty confident that the seller will not be able to obtain the CofO for a 2 family In this particular town.