Additionally, there typically are additional state protections (outside of the agreement) based on where the fund is located.

I recommend renting it as a 4/4 and being clear about the set up. 

Investment Info:Townhouse fix & flip investment. 217 W 131st St, New York, NY 10027, is a historic townhouse located in the vibrant Harlem neighborhood of Manhattan.

And how much monthly rent to you get? 

We do tend to know what appropriate rents are for the different times of year, although you can't hold to those permanently. 

@Ashley Kehr I use a combination of Apartments.com for rent collection, RentSpree for tenant and background screening, and Stessa for accounting.

----------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Every adult should be fully screened to ensure you aren't renting to a violent criminal, drug dealer, etc.

The vast majority of wealth accumulation is through appreciation, cash flow after rents increase, and amortization. 

Conveniently located just minutes from the interstate, this home offers an easy commute to Bangor and Newport, while Etna Pond and its public boat launch are just a short drive away.