We then had a roof inspector come out who said that the roof has to be replaced within no more than 5 years but is probably already leaking in a few spots (there hasn’t been any rain lately so he can’t find any confirmed leaks but those were his thoughts.) the cost for the new roof is $7K.

And if you refi as an investment property, then there is no more occupancy requirement.

Which means less ablity to profit over longer period of time.As of June 2019, there are no more pros of owning rent regulated properties in NY.

-I'm not going to hold the apt for them for 2 months-No dogs over 50 lbs-No recent open collections-No more than 2 people per bedroomIf they pass this screening then I schedule them for an open house showing session that I funnel all prospects to. 

Refinanced in 2016 at 3.75% on 30 year fixed, equity in property required no more money invested to avoid PMI.

Tell him that you just had to evict the man, and for what reason, and that you would prefer not to have him on the property at all, but that if he insists on hosting him, he must comply with the terms of the lease - which means no more than 14 nights/year. 

Here took the email agrees down of the sub and said he or others would be back periodically to make sure no more violations are happening.

Assuming your rehab estimates are accurate, you should look to spend no more than $189k for this house.

Together, the 10-year suspension period and the 5-year test period can be as long as, but no more than, 15 years.

Consider having your lawyer look into the value if you do this so you pay no more then that calculated value at the time of sale.