A phasing plan was incorporated into the city’s agreement to require commercial uses to be constructed proportionally with residential uses.https://communityimpact.com/au...

As for legal entity it depends on what’s most important to you - I my self just incorporated under series LlC.

As a result of the pandemic, my job in corporate america was recently eliminated. 

You can always go back at a later time and amend your articles of incorporation after consulting with a lawyer. 

@Nina Telthorst  Yes, many HML's will require an incorporation status. 

Specifically an llc incorporated as an s Corp.

Would you incorporate, would you LLC for legal reasons?

I know it's good for liability, if enough privacy trusts and incorporate out of Nevada!

I also know that the lower prices to be found in NY have a lot to do with there being older buildings, higher property taxes, tougher neighborhoods, less appreciation, etc. which I know I will need to incorporate into deal analysis accordingly and understand the risk of.Summary: I feel that with having to put 20% down (FHA loan house-hacking is pretty much out of the question in NYC due to the astronomical prices here), buying a property in New York may be more attainable with my current savings and would allow me easier access to visit the property, however I don't think I could afford the quality of property I would like (close-ish to turnkey) in Florida.

Or do something a little more creative like using a 203k limited loan to incorporate some of the larger costs (Furnace Mainly) directly into the mortgage vs out of my pocket in the future.