Since you're aiming to purchase a multi-family property in Long Island, especially with the help of a capital partner, it’s crucial to run the numbers carefully (rental income vs expenses) to ensure you’re set up for success. 

You do all of your own due diligence on what to offer based on the data.

They typically do a soft pull close to the closing date to ensure there are no new debts or significant changes in your credit profile.

It's not the data or the asset classes; it's you.You are often your biggest roadblock.Considering this and looking at your journey differently, you can break the stalemate.If you are new and want advice, you must be open to ALL advice, not just the kind that supports your first idea or asset class.

Force yourself to be as concise as possible and to limit the size of the pitch deck, investors will appreciate this and will likely view you as more credible if you include all of the key data i.e.

Make sure to shop around for the best rates and terms.Find the Right TenantsOnce you’ve purchased the property, screen tenants carefully to ensure you find responsible individuals who will pay rent on time and take care of the unit.

Check out  - https://www.ruidoso-nm.gov/short-term-rentalsThat is all the data to get started on the permit but still check if the neighborhood has an HOA and what the rules are.

They should know the process super well and have their own contacts with leaders and managers to be able to ensure things run smoothly.There is a weekly open-office time for residents to be able to sit down with their case manager (I think it's Weds, but I haven't seen the time printed out recently so it may have changed.

To overcome these, investors should focus on smaller properties, value-add opportunities, expand into secondary markets, leverage creative financing, partner for scale, monitor development trends, network aggressively, and use market data tools for tailored advice.

It would help if you studied how your home compares to others and ensured it is priced right.