We've essentially ruled out investing in our local community because we can't seem to find a good deal (we live about 1.5 hours north of NYC, so purchase prices are very high), so we are considering (1) investing out of state; or (2) investing in some northern NY localities (Syracuse, Albany, Rochester, etc.). 

I've purchased a few properties from you guys.

Purchase price: $325,000 Cash invested: $50,000 This time I acquired a property that needed little to no work.

Quote from @David Cherkowsky: Quote from @Sasha Mohammed: Hi David,There are lenders that will allow you to purchase via a DSCR loan using STR income to qualify.

I have an opportunity to purchase a mixed use property that seller is open to using partial seller finance.

The purchaser of the property, sometimes the foreclosure rescue artist, is now free to refinance the property or to sell the property to another party.

Here the explanation and benefits:A Bank Trust or Fideicomiso allows foreigners to acquire property within the restricted zone, which includes areas within 50 kilometers of the coastline or 100 kilometers of the borders.

Court house steps was foreclosure purchases and sub to purchases to flip.. we hold now long term rentals..

Quote from @Cody Lewis: My wife and I recently purchased our first STR.

Was this strictly an investment for you or are you looking to owner occupy your purchase?