It seems like it is something of a gray area, because you are taking care of it, but you might lose this one in court.There is also this,"If an apartment becomes uninhabitable due to fire or other damage not caused by the tenant, and the lease does not expressly provide otherwise, the tenant may vacate the apartment and cancel the lease.

That said, we’re still up around 5% year-to-date on the island.

@Brent Warner I'm from Long Island myself and moved to Jax FL in 2020 and moved to Orlando about 9 months ago to be closer to my wife's family and some of my family thats also moved down.

Hi Everyone, looking to connect with folks who run STRs in the Hamptons (Long Island New York).I have a couple and would love to chat!

For the next 6-8 months, we will be meeting with the city to confirm the building plans and permitting.I assume the Single-Family new construction you are referring to is land that has already been subdivided and is already zoned to allow for SFH.

I have 2 rental properties on Long Island, NY and they're both located in the same town.Property #1-Legal 2-family duplex (2 units)-Does not need to be owner-occupied since it’s a legal 2-family-Has active rental permit with the townProperty #2-Single family house w/accessory apartment (2 units + illegal basement apartment)-I live in the upstairs unit-Needs to be owner-occupied in order to get rental permit for the 2nd unit since it’s not a legal 2-family-No scenario where the basement apartment will ever be legalMy family has been renting this house without a rental permit for several decades without any issue.

Unless it's uninhabitable and your tenants are complaining then I don't see why it would be that much of an issue. 

I have family in Westchester, northern NJ and Long Island.

Hello,I am looking at a mixed use property on Long Island (first floor retail plus 4 residential above) and would like to know when the most appropriate time is to ask for things like audited financial statements, tenant ledgers and/or anything I else I should be asking for? 

Or general thoughts on investing in similar islands in the Caribbean?