Not calculating your basis properly between building and land, which impacts depreciation. 2.

That is a great nest egg to build upon, and it diversifies your wealth.

Here is a video that runs down the basics - https://s-media.nyc.gov/agencies/specialenforcement/01-Legal...There is also a prohibited building list - https://www.nyc.gov/site/specialenforcement/registration-law...Here are some more info overall - https://www.nyc.gov/site/specialenforcement/registration-law..All of this makes STRs in the city pretty tough but it certainly not impossible.

They also told people to stop sitting on home equity and tap into that as an asset to use for education and build a better life.

I pay for internet for the whole building but I'll split the charge between units and charge each tenant double my cost. 

So house for house, apartment building for apartment building.Have your parents considered renting the house they are living in for two years and moving back into the rental unit for 25 months.

You can also find commercial brokers that are in that space and build the relationship.

Hey @Sidney Duquette so I am not a fan of buying properties that can't perform with the hopes that it will build equity to offset the losses.

A lot of people who househack do so as a basis for a strong financial future and to build generational wealth and financial freedom. 

My name is Ashley and I’m looking to provide value as a bird dog by helping investors find off-market deals in areas like Trenton, Hamilton, Hightstown, East Windsor, and Princeton.My goal is to learn, grow, and build lasting relationships with investors in my local market.