Multifamily House Hack

[James Colgan]

Hey,

Just found a nice Multifamily that I’m interested in buying to live in and rent out as well. It’s a legal 2 family but there’s a third unit I would like to convert to another rental unit. I’m thinking I have to call the town to see what I need to do to make unit legal? Or can I rent it since it’s all set up (kitchen, bath etc.) and hope for the best? ;) The property is in NY so I am still in process of looking up rules and legalities. Wanted to see what kind of info I could get here as well. Also since I’ll be house hacking how do I accurately run a rental property analysis ?  Thanks