Two, you'll have a much easier time obtaining a mortgage product if you have a track record of W2 income.In the meantime, continue implementing the strategies you mentioned: save religiously, build your credit, pay any existing debt owed, etc.

But I purchased land in cash and leveraged it to build a new construction stick built home.

You could build or flip less expensive units and sell them to your clients/occupants over time.

The other half is a mix of spec and owners buying lots to custom-build for themselves (more of the latter than the former).

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

Here is a video that runs down the basics - https://s-media.nyc.gov/agencies/specialenforcement/01-Legal...There is also a prohibited building list - https://www.nyc.gov/site/specialenforcement/registration-law...Here are some more info overall - https://www.nyc.gov/site/specialenforcement/registration-law..All of this makes STRs in the city pretty tough but it certainly not impossible.

Lastly, always keep your job and build your employment foundation because that keeps you income relevant and lendable.Hey thanks for your reply!

A little about me: i’m new to the real estate world and eager to learn everything I can to build a successful investing journey.

How do I acquire the funds to build an ADU to the property?

Bigger Pockets is a great place to learn and connect with fellow investors.If you’re looking to invest long distance, I definitely recommend building your core-4 team.