Of course we would all like national chains for center mix because it helps lower cap rate on resale and they might pay more per sq ft then existing mom and pop to regionals.

I will likely find a Wholesaler in my market who is in the business of ‘finding deals’; it’s worth it to me to give them a % as this took all day & I have a full time job!  

Worth it

I'm also in contact with the builder.I looked at this new construction of which they are small box's built as cheap as humanly possible on lots that are basically given away.5 years from now when they are used and abused rentals they will revert to the mean price point.. be worth 35 to 50k.. so who ever is buying these will lose 50% or so of the value.. no way they will maintain those values in those neighborhoods. 

Overall I don't think it was worth as much money as they were asking for by any means, and I wouldn't recommend taking it or take it again if I could reconsider.

The house is worth approximately $180,000, but I would likely be looking at a figure closer to around $165,000.

Is it worth the effort?! 

The note was set up so that I have the option to refi and pay back the loan prior to the 2 year balloon, however the lender must receive at least 1 years worth of accrued interest.

She hasn't told me a price but she is thinking it should be worth $575,000 because an apt building next to hers sold for $550,000.  

I almost purchased a two family with 2700 square feet seven years back for ~$900k - now that same home is probably worth at least $2mm BEFORE the coming "Amazon effect"second choice would be a non-landmarked 2-3 family house not more than .5 mile away from the 7 train. third choice a smaller multi-family building. cap rates will be low in 4% range but if you can hold it for 5-10 years with adequate reserves and money to upgrade, you will do wellhttps://www.zillow.com/homes/for_sale/Queens-New-Y...https://www.zillow.com/homes/for_sale/Queens-New-Y...fourth choicepre-war landmarked coop apartments in Jackson Heights. not an investment per se because you usually can't rent these out but if are an owner-occupant, these will do great. fifth choicea condo in LIC - these are already expensive and you'll probably have negative yield but IRR will be fine over a 5-10 year holdAs happy as I am for the Queens news, I was even more thrilled to hear about Nashville because it is the one and only place I have been out of state investing for the past four years!