Another trick from investers I’ve worked with is chatting up folks at local meetups who’ve recently navigated the same municipality.. they’re often happy to share how fast or slow things move.

Hello All, I'm curious if there are any local meet ups on Long Island ny.

I recommend you call a local agent or broker to give you a better lay of the land so you understand the challenges/opportunities in this area.

    - Criminal, eviction, employment and background check- No guarantor outside of householdThanks in advance for answersGross income should be 3x rent, or whatever your locality allows, with the section 8 counted towards that income.

Local CPI for this period is 3.6% so max increase in 8.6%. 

If you're a landlord, then you'll want to educate yourself on the local laws.

This shows the importance of networking locally, building your connections and your "tribe". 

If it is your first investment, highly recommend investing locally unless you have people you can trust in those out of state markets. 

**Letter of Intent (LOI)**: Though not legally binding, an LOI can outline the basic terms and conditions of a potential deal before the final contracts are drawn up, ensuring that all parties are on the same page.It's always wise to consult with a real estate attorney to ensure that your contracts comply with local laws and protect your interests.

Before you commit I would talk to banks, probably local banks are better than regional or national.