Saw on LoopNet an apartment complex for auction on Whidbey Island. 

I would love to build in the Island County area. 

Motivated seller asking $895,000, 7.7% cap rate in great area, beautiful neighborhood walking distance to beach, bars, and restaurants just north of Palm Beach on Singer Island (where I live).

I'm considering South Padre Island, TX or Port Aransas, TX. 

It’s such a unique area and having Anna Maria Island and Siesta key close by you can’t beat it.

Galveston and South Padre Island are considered vacation spots in south Texas.

I have an investor on Mercer Island.

I'm fairly a new wholesaler within a year and I live in the Long Island NY area.

I could only afford Staten island but there are not many multi family homes listed within my budget of max price 250,000, financed of course.

From my experience working with house hackers, here are the reasons folks have used the strategy when building/growing their NYC portfolio:- They can get in with a low down payment - You can get into a multifamily property property in Queens, Brooklyn, the Bronx, and Long Island with less than $35K.- They can significantly lower their current living expenses - People currently paying ~$2K/month in rent can pay as little as half of that for their portion of the mortgage (after collecting rental income).- They gain acquisition, project management AND property management experience - all which will help tremendously when its time to scale and grow the portfolio.- NYC properties appreciate higher than most parts of the country - of course, this should not be relied upon.