Right now we're looking to build a critical mass (~10) full time coworkers as fast as we can.The vision is similar to a next space or sandbox suites, but focused on real estate.

This is critical.

@Riley- you have the right idea in terms of trying to do things for Cash Flow.Ironically- there is a function tomorrow @ the NY Hilton: www.nycrealestateexpo.com In general, you would have to immerse yourself in the RE community.

It is good to have some people give constructive criticism.

that is pretty critical information.

But since you are from the area you likely know that plus most of what I will say regarding investing in the area.However, solid due diligence on the property and tenant histories will be critical - view the leases, cleared rent checks, utilities and maintenance, etc etc.

The only downside (other than the obvious of leveraging IRA-owned properties) however, is that I may decide to flip the property if a buyer comes around with an attractive offer (anything over $140K) during the first six months following rehab.Any other options to consider or critical feedback?

I like going to there Wednesday night function once a month.

@Xing ZhuMy apologies, my response was not intended as criticism.

I have a family that I want to spend time with so automation is critical.