NYC laws around rentals—especially short- to mid-term—can be tricky, so you’ll want to avoid any compliance headaches.The biggest challenge with this plan is finding a rent-stabilized apartment that makes financial sense and actually gives you breathing room.

What would be the best way to find that accurate data?

You'll likely need a higher down payment if you can find anyone willing to finance something like this as a first time investor; many require some level of rehab experience at the very least.

Many of the local agencies collaborate with each other to help each other’s buyer clients find furnished MTRs and this is how I’ve been finding tenants for my MTR’s this year.

A HELOC felt like the right approach, but I'm learning it's pretty impossible to find a lender for my situation.

How did you find this deal and how did you negotiate it?

Finding solid contractors is the hardest part of the equation.

It's rare that you'll find a good seller for #1, so the only option remaining is to document the condition from the day of purchase.

I'm using Minoan to furnish a luxury STR and it's been incredible, and I am actively trying to find a way to better leverage their service. 

Those agents who are helping their clients finding a tenant are easier to talk to and my become your advocate.Here is a huge exception.