Hey Theresa,Some dates were rounded for the sake of example and seeing your response I guess it should be more clear.

In an RM-1 building, the minimum unit size varies: for the first 1,440 feet of square footage, you have to use at least 360 sq. ft. of lot area for the units.

Our area is very seasonal so I am always hesitant to spend too much money since it's not booked year round.

Good evening, I am new to this whole forum concept and I am new to rental investing, as in I have yet to secure my first property. But I am here to learn and grow! I am currently looking through different markets and ...

From what I know about Westchester County in NY, it's quite expensive.I think you need to determine whether you care more about strategy or location because it sounds like you're trying to fit a square peg in a round hole.

Exempt in Miami-Dade are single-family homes, duplexes, and buildings with a capacity of 10 or fewer occupants that are 2,000 square feet or less." 

It won't be your dream job, but something that pays more than $300 a week.While you may not want a roommate, you may need to get one to help pay the bills until you are back on your feet. 

I also do buy and hold some on my own and in a second partnership, structured similarly.One thing that helped also is that as we started to scale up a little through the first round of refinancing, we shifted to 100% of cash input from my partner and 0% from me to adjust the balance a little.

I'll preface this with I don't know the condition or square feet of your house, which are both large factors for determining the rent. 

I agree that picking the right area and submarket is key, which is one of the reasons I kept dragging my feet.