With 8' ceilings you should not have to dig out the basement, and with an RT4 zoning, provide all other issues (egress, etc.) are met, you should not get much (if any) resistance to adding that unit.

So the idea of doing this all from afar is a bit daunting, however, I know the most important thing here will be to create a great team and outsource as much as possible.I have set my sights on a couple of different markets being in the Southeast and the Midwest; these markets seem to provide the cash flow I am initially interested in generating to value add to the properties I purchase.

You need to provide at least 30 day notice to a tenant that you will not be renewing in NY State.

With investment properties, most lenders I work with prefer to have an address to work with in order to provide a "soft" quote, which does not include a hit to your credit.

Trust sells to buyer for cash.

Happy to provide insight or whatever. 

Nothing is being added in its place, they just want "less units" which provides more open space.

For example: We provide tax preparation and advisory services to people who invest in commercial (including multifamily) real estate, and high w2 earners investing in short-term rentals.

It separates your personal assets from your business, providing a safeguard if any legal issues arise related to tenants or the property.

It provides valuable market data that offers insights, unlike the free version that offers none.