Like many in the STR community we has switched our target from STRs to Boutique Hotel investing.

With things like the ONE Linden plan in Linden, which is a 50M plan to improve the neighborhood.

It sound like you have your area under control. 

Even if they had renters insurance, it comes with a $500 - $1,000 deductible just like your insurance.

If you like the home, area etc, you could refi and pull out the same amount of money.

Consider connecting with local REI meetups, hospitality groups, or even online forums like this one to find like-minded investors.You could also pitch your successful track record to potential equity partners.

If you move to NYC, focus on maximizing your earning potential while investing in affordable out-of-state markets with strong rental demand, like San Antonio or Indianapolis.

It's much like being a guest when we stay there. 

That's just my personal way of really feeling like I've comprehended the topics rather than just listened to them. 2.

I’d love to help if you’d like!