I'm an out-of-state investor based in NYC, and I see this constantly while researching Midwest markets like Kansas City and Indianapolis.People chase high on-paper returns in transitioning neighborhoods without checking the underlying data.

Stream flowing thru property with trees along the banks. 

That $300 "handyman special" plumbing fix is gonna cost you $3,000 later.We see it constantly.

I'd recommend being open to more than just corportate housing to ensure you have a steady stream of tenants.

Long Island is certainly more of a single-family market, especially in Suffolk.Over the last 2 years, the areas in Suffolk with the most multi-family sales have been Babylon, Bay Shore, Riverhead, Huntington (& Huntington Station), Lindenhurst, Patchogue, and a few other areas.Nassau typically has more multi-family options, especially in areas like Long Beach, Valley Stream, Lynbrook, East Rockaway, Elmont, Floral Park, Hempstead, Glen Cove, Freeport, and a few others.House-hacks are still working, but cash flow is tough to come by unless you put down 25%+ and/or have an ADU on the property.Single-family inventory, on the other hand, is increasing YOY in some areas.

I’m a realtor and I also manage my own portfolio, so I’m very involved in every step of the process—from analyzing the deal and negotiating the purchase to overseeing the renovations and managing the property after closing.Being both an agent and an investor gives me a big advantage because I’m constantly looking at deals through an owner’s perspective, not just a transaction perspective.

Those figures constantly gets updated every time a policy renews, or taxes change. 

I assume I could ask for more, even just claiming more concern over more risk and more traffic with medical workers coming in and out constantly. 

If your goal is strong, predictable cash flow without the headache of constant oversight, a lot of investors are pivoting to Midwest markets.

My thought is that in below freezing conditions, this will definitely freeze if not rapidly dripped with a full stream.