A slap on the wrist, possibly.Well, the broker would have known by asking.  

On a per acre basis residential is typically always the highest value use, commercial tends to be big $$$ because it is large properties and large budgets so it sounds more valuable.

Nice work on the $40k profit.

Dallas–Fort Worth was actually high on our list.

I would imagine 2-3 units could be built on the property depending on the specs and I would like to be able to start the build in the next year to two years. 

I’d really appreciate any advice or insights from experienced investors—especially those familiar with Westchester County.My Current PositionFocused on paying off personal debt to improve my credit and DTI ratio before purchasing.Will have about $100K–$110K in cash after selling my co-op and liquidating assets.I have a contractor friend I trust, which gives me flexibility and cost savings on renovations.My Investment StrategyTargeting a multi-family property only — no interest in single-family homes.Plan to house hack: live in one unit, rent out the others to offset the mortgage and build equity.Exploring different financing options, including:FHA loan for low down payment and owner-occupied financingHard money loan if I find a distressed or off-market deal with strong upsideUFT home loan benefits (I’m a union member) for potentially better terms or servicing supportTimeline: 12–24 months, depending on how quickly I eliminate debt and the market conditions.What I’m Doing Right Now to PrepareStudying Yonkers neighborhoods, comps, and rental data weeklyListening to BiggerPockets podcasts, reading books, and running deal analysis regularlyBuilding my team: lender, agent, inspector, insurance broker, and contractorRunning numbers on sample properties to build confidence and clarityBudgeting aggressively while eliminating debtQuestion for the CommunityWhat is a good way to find a below-market deal in Yonkers on a fixer-upper multi-family?

Ideally I prefer no downtime, because I'm making zilch while it's empty, but since my models already factor in about 5% vacancy, a month on a unit that was occupied for 5 years is less than a 2% vacancy rate so I've already accounted for those funds. 

Couple of things to be aware of:-property taxes will be higher as you can't claim the home owner's grant on rentals-there is a property transfer tax when buying a home-BC is tenant friendly and there are caps on rent increasesI'm not sure if you will be able to find someone to foot the entire bill (ie 25% down payment from them, and then joint names on the mortgage-what are you putting into it?)

Congrats on the great property, love it! 

I’m gathering feedback from agents about flyer creation for a project I’m working on.