It can help safeguard your personal assets in the event of a lawsuit or liability claim that exceeds the coverage limits of your primary insurance policies.Tenant Acceptance Policy: Implementing a thorough tenant acceptance policy is crucial for selecting reliable tenants who are likely to pay rent on time, maintain the property, and adhere to lease terms.

I recommend starting with a turkey or light-value add deal first and work your way to BRRRR and Multi-family deals later. 

It might be beneficial to review your investing criteria and make adjustments in light of the state of the market.

Account for future rent increases by implementing value-add strategies and including provisions for annual rent escalations in lease agreements.

Since north facing window has no direct Sun light at all.

That's why you need the HOA, because they implement your private CC&Rs which allow for the greater density...so ANY townhouse/condo you buy you should have anticipated that there were likely some shared services...if there weren't then you wouldn't need the HOA...

That is passive to manage and much less cost to implement. 

NY is still great but landlords need to:- proceed with caution- read Brandon Turner's books - implement strict requirements and systems for tenant screening and property management

I've been looking at comparable properties nearby and the median is in the low 2k range I'm thinking mine may go a little higher since it's a corner property with a lot of light but really looking to see if the conversion would make sense financially because I've been reading those articles about the costs being exorbitant. 

Well yes, our entire lives are contingent on "3rd party platforms" of one variety of another, from the time we wake up until we go to bed at night, and even through the night.City streets, stop lights, and the power company are third party platforms.