They DO offer a program called SONYMA RemodelNY Renovation.

I asked him about his van to see if it would even fit in the space, but I'm not sure if there's anything else I should be thinking about.

The ratios fit just fine.

It fits the 1% rule that some people use. 

This will make it easier for you to research just for Markets that focus on your personal strategy.Once you have a market ( with low taxes, high rental demand, landlord-friendly laws... a few things I would def look for in any market as an investor ) that fits your personal strategy.

The programs offered are 5/1, 7/1, 10/1 ARMs and 15 & 30 year fixed rates at about .5% higher than the ARM rates. 

Once you find a market that best fits your startegy then start looking into the market. 

How did you fit all these onto a 100 AMP Panel along with all your other house needs (lighting, fridge, etc..)Appreciate any response you give as I am desperately trying to piece this together as an option over forced air as it seems to better suit this small house.Jared

I think I'll first try to market it as a 'luxury' student housing unit and will check with the school and their housing program.

. - The property manager should be able to educate you on a market (if needed) , help you form a strategy, fit right into your due diligence process, and execute on a clear takeover game plan as soon as you hold title.- Resonable pricing for the area!