Full disclosure I am not going to be a local investor in NYC but I have been preparing to get into an OOS market for multi-family investing.

Hi BP,So I am looking to get into multi family properties in the pretty near future and I just wanted to get anyone’s 2 cents that owns a commercial multi family property and to see how you started.I have one rental property now that I live in (house hacking) and i am in the process of doing a HELOC on the property.

I am primarily an multi-family, seasoned investor, who has properties in Norwich and Torrington.

We are looking at a 30k SF multi-tenant light industrial property in Arlington.

Depends on where you are in the city and what size multi-family you're looking for.

I'm looking at a multi-family property and one of the closing conditions for the bank to approve the loan is an environmental form that they want the seller to fill out.The seller says that he would open himself to liability if he filled the form out and hence doesn't want to fill it out.The seller and his agent are very difficult to deal with (rude, abrupt, and generally uncooperative) and the only reason I'm pursuing it is because the numbers look good and it's a strong property.The bank says the only alternative to the form being filled out is to have an expensive Phase I environmental assessment done.Are there any other alternatives to this?

It saves you a lot of money and you learn the system until you get big enough to farm it out.

I am a new member to BP community and looking to move toward multi family purchase / rental and really appreciate feedback form community.

If you are planning on creating an business and a system / structure, part of your budget should be using your team and getting thing done correctly from the very beginning. 

Having the proper systems in place to track and follow up with leads is also important.