P.tax and insurance rates are REACTIVE, because they are based upon a % of the property value.

You can DM me her contact info.Kevin, I noticed you are based in New York.

Make sure to run your numbers conservatively and based on the current as is value if you plan to go this route. 

Our Frequent Users of Airbnb or VRBO discount was launched one year ago and because Airbnb is heavily based on reviews of both guests and hosts, we set the bar higher. 

Quote from @Brandon Croucier: Financing a commercial MF that runs as an STR is possible.Appraising a property based on the income is not, whos to say a buyer would STR the property. 

With comps ranging from $875K-$1M and your estimated build cost at $550K, the after-completion value gives you a significant equity cushion, making this project highly attractive to lenders.If you plan to hold and rent the property, you could refinance into a DSCR loan after construction, which bases lending on rental income rather than personal income.

I think both of your strategies have merit, but here’s my take based on what you’ve laid out.Moving to a rent-stabilized apartment and renting out your condo as a mid-term rental could be a smart pivot, especially with its location near a hospital and LGA.

These forums are a great place to learn and connect with fellow investors.I’m an investor based out of Columbus, OH.

There are down payment programs for duplexes, i have not searched or tried to do a 3-4 unit property. 

Bigger Pockets is a great place to learn and connect with fellow investors.I’m an investor based out of Columbus, OH.