Investing Million dollars

[David Ma]

I was hoping some of the local guys will help me answer this question better. 

If you had a million dollar cash and had to only invest in new york city, what type of investments would you aim for? 

Also - due to the tight markets for mutli family - How do you invest and hope to refinance to get into a second property? 

What underwriting requirements do banks have for multi- family properties for first time owners?