Main benefits to this strategy include:- Low down payment options (as low as 3-5%)- Acquisition experience- Property management experienceThe NYC metro area has nearly 2,000 available 2-4 unit listings on the market.Other new investors consider the BRRRR Strategy.All the best to you on your journey!

I don't know the city well, but seems to be light on demand drivers other than Baylor University. 

Since you are using an FHA I’m going to make an assumption that you are putting a very low down payment on the purchase.

While it’s tempting to see the low-interest, self-repayment setup as a win, the key question to ask is whether the opportunity cost justifies the move.

You have to buy very low to make any money on the project.

Here is your tip:Buy low and sell high, also don't eat the yellow snow.

So I had a windfall and can sort of "semi retire" with a part time low stress job. 

(they get a cut of the GP fees for fundraising)Goodegg Investments – This Is Is How We Make Money Through Real Estate Syndications (youtube.com)what's most annoying is the slide at 50sec, she has on the left the GP which "does all the work and takes on HIGH risk, while on the right the LP who does no work and bears low RISK".

Quote from @Bonnie Low: Hey, Colin!

Brandon Turner wrote a book for BP called Investing with Low or No Money Down - start with that.