However, keep in mind it may complicate financing, add costs, and require careful management to maintain liability protection.

Keep in mind those people will live somewhere and SOME of them will be good tenants!

Have been super interested in the Westchester market, been looking into New Rochelle,Ossining,and Yonkers  would love to be around more like minded investors looking In the same areas!

Keep in mind his financial numbers are only material when offering an investment.

It's a great market STRs as long as the numbers still make sense with those regulations in mind. 

Great place to learn and connect with like minded individuals.

I have another question if you don't  mind.

If they’re selling for a $400k+ gain they could look at a 1031 for:A super nice 2-4 unit they wouldn’t mind living in a unit of where the rental portion exceeds their 1031 sale. 

If its going to be a 2 day drive or a 7 hour/$1000 airplane adventure with a 3 hour layover in the middle, not so cool.Both of the properties are also places we don't mind going so its not a huge hassle if we need to drop in.Taxes:  The taxes get significantly more complicated with new state returns.  

Send me a DM with anything specific you have in mind!