If you’re not in the area often then yes, long term rentals may provide more stability for you.Either way, I do recommend that you buy based on reasonable long-term rent #s, not AirBNB #s, since you may not be able to do AirBNB if you’re not actively living in the property.As far as $2500-$3000 per month, if you mean gross rents then yes I think that’s do-able if you have decent-sized and -condition units and especially if you have 3 units with at least 2 beds per unit.Management fees are usually a percentage of collected rents, which is probably also true in NYC. 10% is “common” but some property managers may charge more or less depending on what services they offer, how many units they’d be managing for you (think quantity discount) and what you can negotiate.

AirbNB  likely just had tens of billions in valuation wiped out  from their eventual IPO  --.. ( think WeWork IPO ) Oh well you snooze you loose , I know there was ' talk  ' of possible shares being made available for Hosts - but I highly doubt that would ever have happened , too much paperwork, none of the other service platforms like Uber Lyft ever gave participants any shares and their investors would never allow it..

. $80k is a lot but definitely doable.

-Will require re-zoning, talked to the city and a land use consultant seems like it is do-able in a 45-90 day period (kept contingencies on during this process with optional 30 day extension)-100+ rooms, Each room is 470sq ft approximately(so this will be studio or 1bed apartments), with some suites bigger -Not sure what to do with conference hall and restaurant-Will be hiring a consultant to do the re-zoning (since I'm an out of state investor + this is my first time doing rezoning).

Totally doable since those mortgages are tiny, and much more reasonable.

It's uncharted territory for me but seems doable.  

Simple, doable.

My big question: are those things doable in today's rental and real estate market?

I know I'm not going to be building the Mercedes AMG Tower next to the Porsche Design Tower, but maybe building the Hyundai Genesis Boutique Apartments could be doable!

Based on the size of the home, this definitely feels doable if you're sticking with more of a siding/paneling application.