Lease or no lease, you need to follow the timelines that NYS set out from my understanding.

I don’t understand how you can have 13 rentals that are paid off and a primary residence that is paid off and still need more cashflow.

Out of state investing involves too many moving parts.

But also understanding that I will be asked questions that I don't know, and I need understand that it is okay not to know everything in these situations.

This will help you understand their motivations, which can be crucial in negotiations.

I’m new to private money lending, so while I understand the concepts in principle, I’m still figuring out how to identify and connect with these investors in practice.To clarify, I’m targeting 6+ unit multifamily properties, and private money is a way to scale my expertise from smaller properties into larger ones.

Though I would mix with antifreeze if the heat is off and your winters involve freezing.

Four properties provide diversification, greater potential for appreciation, higher aggregate depreciation deductions, and increased cash flow over time but involve more management complexity and higher leverage risk.

Quote from @Jay Hinrichs: Quote from @Bruce Lynn: @Jay Hinrichs      But I do understand the OP points and I think that folks just really dont understand the work and risk involved in ANY rental property short of NNN leases with super strong companies Exactly. 

@Shaun Palmer - from my understanding the English translation of the statute is this...