But as long as they're profitable and you're able to collect all of the rent, investments in any property no matter how many units in NYC is still a great investment.You might want to look into surrounding areas outside of NYC.

In addition to what @Russell Brazil said, it also matters when in that year you got that offer from zillow.

There is money to be made in every real estate market in the country, it’s just a matter of figuring out which market fits your strengths, your goals, and your strategy the best.

What is your process for inspections throughout construction, final walk-through, and addressing matters that need to be corrected or finalized?

I'm looking to put together a list of appraisers with the ability to take on, and execute on, new orders in a timely matter.

I guess it matters who much you are cashing out.

Keeping most exchanges with tenants to email is a great way to document matters of concern and will help immensely if things need legal action to resolve.

In other words, does geography matter here?

Meaning, no matter what route you chose you will be happy and sad. 

My inventory has doubled in value in 20 months.The thing is, it doesn't matter why or what happens.