DSCR lenders are much more flexible with income requirements and don’t require W-2s or tax returns.I’d be happy to connect and chat more if you’re interested!

Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).

You may be able to deduct mortgage interest and property taxes before the property is in service. 

To transition to multi-family properties, research landlord-friendly states like Texas, Florida, Tennessee, and Indiana with favorable eviction laws, lower taxes, and higher rental demand.

In NYC trying to compare like properties and eliminating co - op debt, co-ops will sell for 60% to 200% of a comparable condo.  

I want to take advantage of growth if possible, but also want to minimize taxes and fees (penalties).

I also want to learn about purchasing properties with tax liens / bankruptcies / foreclosures.1.

From a tax implication standpoint, it can be tricky but if done correctly, not a problem.

First, there are about 6 states that I refuse to invest in because of their tax laws and what I consider to be an unfriendly business environment.

There could be local considerations that are tax and inheritance related.Thanks for the reply Ken.