If I had to guess I would say your money could “develop” 1-2 houses in Staten Island but in the right market you could easily get up to 12 or possibly more good units fully paid for.

This is 5 mobile homes and one building being remodeled as a storage unit. 4 park owned homes and 1 tenant owned home.

“Jorge, you’re speaking my language here—efficiency is the game-changer, and every move counts.

I decided to look into an official duplex or triplex putting 150K down that has value add with renovations and potential unit add but it wont have as much equity because it will be an on market deal. 

But if they gov't changes to a 90 day minimum, you would have to operate as a 90 day rental or longer.And talking to local experts, if you want to own a STR on O'ahu, your safest bet is to buy a unit in a Condotel that is located in the "Resort" zone of Waikiki.  

Our laws require us to offer a rental first come first served (first completed application that qualifies must be offered the unit).

For example, managing a luxury building requires a different level of service and communication than managing a multi-family unit.

I'm not sure why this caused such a reaction, but I can say the language above is completely unnecessary and out of order on this forum.   

Assuming you have 5 units, each worth 300K, and you could afford the loss of one, but not all.

Like deferred maintenance, (bad roof, worn out water heater/AC Unit, warped flooring, water damage) etc, unpaid utilities,  unpaid taxes, a second loan, unpaid HOA fees, a bad pool, bad reputation, sometimes squatters, sometimes they were drug houses, and so on.