I agree (mostly) except something tells me that come spring we will see a change in the RE market......more 'back to normal' for lack of a better term.With the interest rates likely IMO to drop (Due to the upcoming election and the current Prez putting pressure on the Fed) combined with the built-up pressure from the market being stagnant in '23, there has to be a release of sorts.

When it comes time to actually invest, you will typically be required to show some sort of verification - either a signed financial statement if you meet the requirement on net worth, or income tax returns if you meet the requirement on income.  

Will be your worst investment compared to your future deals. 

So, the town of Ithaca (which is a sort of donut surrounding downtown) passed restrictions on STRs a few years ago.

@Bob Asad, that is sort of right. 

etc... are there professionals who specialize in this sort of deal, talking to the bank, etc... a realtor or lawyer or someone with the right connections to the bank? 

Wife is from Baton Rouge but her parents are moving, we want to keep some sort of connection to the area but doesn't look like having a duplex rental that we can rent out for cash flow is possible.We were even thinking about a triplex and keeping one empty so we could use it when we come and visit but again the insurance is upsetting

Worst case scenario, if things aren't great I can always sell and reinvest somewhere else.

If I understand this thread correctly, you (the buyer) have some sort of contract interest in the property rather than title to it. 

GC's work on all sorts of properties.