Best wishes to you as well! 

Well, of course - that's obvious - but most people in most places in the US are going to spend too much on their purchase because that's what's available.

Renovation work throughout both apartments, gutted and refinished the basement as well as extensive work in the private backyard.

Rents continue to climb as well but likely not enough to keep up with increasing monthly mortgage payments when considering interest rates and soaring property values.There are 2 main schools of thought when considering investing in an expensive market like Long Island.- Robert Kiyosaki, Grant Cardone, and similar thinkers believe its best to invest in markets with higher cashflow while renting where you want to live.

For me it’s been a blessing and money well spent.

It’s my first deal so I was kind of worried about it, but I feel more confident now about how to move forward with this property, as well as any future properties. 

One suggestion to consider as I mainly do BRRRRs as well- find a local bank or credit union in the area you plan to buy that offers construction loans.

I am no expert and just do what I am told.  

If it sold for $120K in 2007  , and your rent is $2000 a month , the landlord is probably cash flowing rather well .   

Getting a well performing quad would be great to season for 4 years.