All the best to you during your last semester.Househacking is one of the most common routes for new investors in NY.For best returns, I'd recommend focusing on South and Southeast Queens, Central and Southeast Brooklyn, and the Bronx.There are parts of the suburbs (Westchester and Long Island) that have househack opportunities but the property taxes are higher and the commute time to NYC is longer.Abel

@Francisco Milan how long have you been using listing signs or approx. how many listings have you had? 

And even then, the life cycle is generally pretty long from first contact to closing.  

In response to your questions:Biggest q i still dont really understand is:- what happens if i refinance before 7yr term or sellAs you'll be the owner, you can refi or sell before the 7 years. 

3️⃣ Too-Good-to-Be-True Terms – 100% financing, super low rates, no credit check… is this ever real?

For instance, the term could be 3 years and add a clause that says they have to return the property to the condition it was in when they moved in, not just keep their deposit. 

Option A would allow me to keep it as a long term rental .

My lenders know I have other financing options, which I believe helps me get more favorable terms, but also, helps me to find the best deal. 

Additionally, I have a great relationship with my lender and secured favorable terms on my current loan.

Quote from @Steve Englehart: I currently have two long term rentals and am looking into buying into the short term rental arena.