Main benefits to this strategy include:- Low down payment options (as low as 3-5%)- Acquisition experience- Property management experienceThe NYC metro area has nearly 2,000 available 2-4 unit listings on the market.Other new investors consider the BRRRR Strategy.All the best to you on your journey!

If so, how do you trust you're getting a quality tenant that is safe?

Are their listings detailed with good-quality photos?

I could see fully comping 1-2 nights at low season rates, particularly if one doesn't have a lot of reviews yet, but would you, as an established host with tons of reviews, comp a full week or more of a prime season stay? 

Always buy the best quality property you can afford.

That's a pretty low offer you're considering.

If the tenant has low net worth, a court judgment is practically worthless.Taking a week to vet a tenant can save months of headache.

The first option is to keep the condo, which offers a low interest rate and predictable cash flow.

There are plenty of investors out there already looking for quality management, just be that. 

Does anyone know a lender willing to lend on 40k with a day out of foreclousre up to 50%LTV with a low 500 credit score?