One more tip – people remember stories that trigger their emotions.

NYC DOB considers a shelter a 'community facility with sleeping quarters' and may require a special permit for this use.Thanks Abel, You provided me with the right search terms to dig deeper. 

Bid to serve yourself, not serve your emotion.3) Develop your own thesis, stop asking others.

The right idea is going to be the bread and butter.1) Ideal location2) Quality properties over quantity of properties3) 1.25x DSCR4) Intention to hold no less than 8, but ideally 12+ years.5) Sufficient cap reserves6) Mechanisms to enhance cash flow(via alt investing or house strategies).7) Liability protection through no PG loans(if possible), LLC formation, property management and being a diligent landlord.8) Invest deeper, before wider.Now if you're talking where to invest, different information.

The idea of it sitting empty caused me emotional damage. 

Then you can make the appropriate moves when the wind is more at your back and there is less emotional involvement in your decision making. 

I don't hold them in my portfolio but I do wholesale them to other investors since the discounts are deeper.  

Having a strong understanding of your "walk away" price (maximum you're willing to pay) gives you leverage and prevents emotional decisions. 

We meet every month, and are in constant contact with these individuals, in business relationships going a lot deeper than that.The second way is to contact a large group of people with the understanding that only a few will result in “deals”.  

I have been trying to dig a little deeper into John's concerns and waiting to hear back from Airbnb on them.