Novice in New York--rental property worth it on Long Island?

[Ken Anziano]

Hi All,

I'm completely new to Biggerpockets and real estate investing in general. I've read some articles about using an FHA loan to purchase a multi-family property as a way to break into the business.

It seems like a great idea and I was hoping to get some insight into this strategy.

Also, I'm currently on Long Island (New York) and looking to start out here. The economy in general stinks and people are leaving more and more each year due to high property taxes, poor business climate, etc. My question is this--how strong is the Long Island market for income producing properties and would it be worth it to start our here?

Any advice helps!

Thanks!
Ken