My neighbor has numerous MF properties and he believes it will come in somewhere between 650 and 7. 

Linda,Welcome to the BP forum, it's one of the bes REI sites right now loaded with seasoned investors and seasoned professionals able to help with every angle. 

It's been a while since I last posted here, and the site has changed quite a bit...

Since there is even less documentation to look at/review with this, pricing is a bit higher than your typical DSCR LTR/STR product, however, there are numerous ways you can structure the deal to make certain the #'s work for you.

When I established my investor services business in 2005, I posed a similar question to numerous experienced property managers.

But if you're living on site and knocking on doors to collect rent, could work out for you. 

This could be anything from confusing UX to lack of certain integrations.How useful would a custom listing site be for you?

Underwriters want to see that the property is in an area that will support the valuation of the property with numerous comps so they can have confidence in the appraisal.

Check out the exceptions to the law as it does not apply to all rentals:https://www.nyc.gov/site/hpd/services-and-information/good-c...If it did apply to you, month-to-month agreements would still allow you to do rent increases any time.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.