Why they need to inspect the interior when the exterior is pristine remains a mystery, but we don’t make the rules.

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Don't focus on a "rule of thumb" as a rookie.

Hey @Joel Oh, so let's clarify the NYC rules around STRs.STRs are legal in NYC as long as these directions are followed."

So, make sure YOU understand the copy & paste info below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Something I forgot to mention is I’ve been in the house since 2017, so the 2/5 year rule shouldn’t matter.

I would also sooner apply that amount towards a new fridge than buy the door.2) WINDOW TREATMENTS - Each window had window blinds.

I mostly apply for BTR, Business license, register and file annual report with the SOS.

We pulled every trick in the book, and the odor remains.Another issue is that when tenants violate one rule, they tend to violate more.

Starting out rules of thumb for newbiesThanks for your insights.Hey @Malcolm Brown, welcome to the BP Forum!