That is great to hear that you're looking to learn more about real estate and get into property management, especially at a young age.

New York State laws pose some particular challenges for landlords, but Albany and Rochester specifically are the 2 cities (outside of NYC) that I would say are #1 and #2 for being the most challenging based on their early adoption of "Good Cause Eviction", their building depts, and their general anti-landlord stance. 

Hey @Luke Mertz way to start thinking ahead at such a young age! 

Here it is, @Jay Hinrichs:  https://www.biggerpockets.com/blog/real-estate-1140It’ll be interesting to see how this ages!

I'm a 16 year old interested in real estate.What advice would you give to your younger self for getting into this game at a young age?

The condition of the property is also important which can lead to size, amenities like a pool, age of the property, whether or not there is an HOA, and if there are any issues with title or not.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

This limit is reduced to one month's rent if a tenant is 62 years of age or older. 

That is awesome to save that much by that age.

Many others on here have said the same thing, but at your age i'd focus on career.

Hey Matthew,Appreciate you reaching out — and I have to say, I'm impressed by what you've already accomplished at just 20 years of age and an equity growth like that is no small feat, especially in Chicago’s multifamily space.I like your value-add mindset and how you’re thinking long-term with both management and development.