Quote from @Suzanne Player: Long Island & NYC in general are not easy when it comes to expanding & adding more units, sometimes they could be a bit more flexible I'll echo this comment in particular.

Then there is willful negligence, which would be when you knowingly engage in negligent conduct or intentionally disregards the risks to others.

You can't combine incomes to qualify unless you are married.Im engaged and will be married in a couple months.

Being engaged you may be able to gift her the money and keep your name off the loan... but that's of course dependent on the lender. 

I was just asking about assignment of rents here first to get a variety of opinions, then engage my attorney for the specifics. 

For example, I rented quite a few airbnbs that didn't have a single piece of artwork and a lot of the "features" were just for show and nonfunctional (e.g. a Nashville rental with records and record player prominently featured in marketing, but no speakers).

s advertised short-term rental listings have been illegal since the ordinance went into effect LOS ANGELES (CNS) -- The Los Aneles City Council approved a motion Friday aimed at strengthening enforcement of a city ordinance prohibiting unpermitted and non-compliant Airbnbs and other short-term rental operations.The motion by Councilwoman Nithya Raman and Councilmen Bob Blumenfield, Mike Bonin and Paul Koretz instructed the Department of City Planning to report back within 90 days on: Recommendations for how the city can address non-compliant hosts who rent out properties listed as a primary residence but are not used as such, the conversion of affordable housing stock into short-term rentals, the conversion of multi-family residential structures to short-term rentals, short-term rentals engaging in commercial uses/activities, and properties that are rented for longer periods of time than permittedEnforcement mechanisms such as citations, fines, license revocations and criminal penaltiesHome sharing regulatory and enforcement models of other cities, including San Francisco, Austin and New OrleansStrategies for ensuring all home-sharing platforms that operate within the city enter into platform agreements requiring them to share data with the cityStrategies for implementing and improving data collectionWhat staffing or dedicated unit, office or department is needed to consolidate various aspects of home sharing compliance and enforcement in one multidisciplinary team."

I've noticed many players are selling their portfolio's.Or dive in anyway bc at this point I need to just get started?

Get a better social media presence and create engaging, insightful content.and much more.Thanks again, everyone!

Basically, he recommends putting in the legwork upfront to build relationships with the supporting players you will need in order to be successful - local attorney, lender, contractor, property manager, etc.Long-distance investing isn't easy, but if you're committed to it, the best thing to do is to start talking to people in the market you are targeting.