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.

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

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.

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.

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

I definitely plan on building a team in the market we select. 

Her husband is also a GC who can help build additional units as needed if you get something that can fit an ADU.

Build relationships with local agents, property managers, and contractors who specialize in investment properties.

Get knowledge, follow experienced people, and leverage wisely.My Take:If you have two houses, excellent credit, and motivation to build wealth, you can learn to manage your money responsibly.Use HELOC, credit cards, and business credit funding to leverage your cash and buy properties faster.