If I buy betting the neighborhood will improve, the increase in revenue is totally dependent on outside factors over which I have no control.  

Best bet, if you’re motivated, search, or have someone knowledgeable search the all the recorded documents, mtg, foreclosure action, etc.  

For example, let's say the going rate of comps within a specific set of Single Family Homes is 350K-$375K.

I've lived here my whole life, am in investment properties every single day, and really know this area well.

I bet we can meet at Salt Hill Pub.

The cost of living is an interesting one - as in my view it supports a decision to move somewhere, or perhaps a business decision to open a satellite office, etc - however it does not typically 'drive' that decision.One of the key and most important advantages that Iowa has from a labor perspective, and I believe why the DSM market is a great fit for insurance/finance - is that the typical resident knows central Iowa and is 'content' - this doesn't mean that they are settling, as I do believe the DSM market is a 'special' place once you get to know it - however I'd put a strong bet as compared to other metros that if you polled people, the question 'Do you see yourself moving in the next few decades or do you ever yearn to move?'

Delete

Hi,Is it possible to buy a ~1200 to ~1300 small Single Family house in NYC and convert to Legal 2 Family?

Best bet is still brokers.

Other LLC is just single member (me).