If so, what were your initial investment, return, and overall thoughts on the experience?

Days on Market (DOM) since Q3 of last year.Single-family residence values continue rising and are selling for nearly 9% more than last year - National average for home sale price increases is 4% since last year per one of BP's most recent podcasts.Multifamily properties in Queens have sold for a median price nearly 6% above last year, jumping from $1,058,000 in Q3 '24 to $1,120,000 in 2024.Lastly, despite inventory increases, the # of sold properties has declined when compared to last year.

You should not allow any adults to reside in the property without being screened, approved by you, and on the lease.Here's a detailed guide on how to screen applicants: Application Screening Guide

It is on par with other rentals as that is the norm in my area. 

Then you can put the 100k in there, and its treated as putting money towards that business (working capital) and no one needs to pay tax on that movement of money alone (though there are tax implications later down the line).

On the other hand, non-local lenders may offer more competitive terms or flexibility since they're not tied to specific regional trends.

I have family in construction who have looked at it and feel it has fairly solid bones and I like the location and think it's on the way up.

Also, you are spot on about romanticizing the cash flow.

Depends on the class of property. 

. ****** I would like to take on of the two family properties he has in queens.