We are in the middle of the remodel, and have had some opportunities to make sure of this. 

@Philip MullinaxDepending on the Tenancy Law in your jurisdiction, a transfer of ownership in the middle of an eviction may provide the tenant an opportunity to stay the eviction and compel you to recommence action once you are the owner.  

I'm complaining about a first world problem here, and I am grateful and feel blessed for the opportunities I have found.

ProsRisk DiversificationPotential to find better opportunitiesMore property available to choose fromConsFewer economy of scale benefitsStretched to thin due to more things to keep track ofAdditional risk due to higher overheadRisk of needing to rely on a new set of individuals (Sometimes the Devil you know is better than the one you don't)Potential to end up with less profitable opportunities

Hey Ahmed, you've got quite the opportunity, and quite the task to go along with it! 

Seeking out an attractive investment opportunity in NYC is extremely hard and huge entrance barrier for someone who doesn't have too much money.

Hey Patrick,The first thing I would say is that in order to be purchasing 5 rental properties per year, you will need to have an excellent team on the ground ready to follow through with the properties or working with a trusted turn-key property provider.I would maximize your loan opportunity by taking out the highest LTV loan you can get.

Anyways we have found a build job opportunity for 3, 4 plexs (12 units) but it is a build job from a builder that isn't known and I really cant find much information about them online.

I turned down a lot of opportunities, because the numbers were not aligning perfectly.

I imagine many of these multifamily buildings like that are being bought as possible redevelopment opportunities too.