I am the definition of a newbie and am still a few months away from putting in offers but I have a question. I live in NYC and wanting to get into rental property investing and unless I branch out further I’m finding...

If you reference the chart it shows a co-planar relationship between cash out loan and the payment and profit.

As for the investing I would get a house with a co signer and then rent out the spare rooms to college friends.

My biggest lesson I learned was when I moved out of state to start a co-working business I left my "friends" in place, they did not take care of the property and it started going downhill quickly (no cleaning, parties and one of them even was selling drugs out of the house) Kicked them all out and rented to a family and it has been smooth sailing since. friends and business don't mix well.

Hi I heard that when purchasing a multi family unit that if you have a co-signer they have to live there within one of the units, is this true?

As a beginner, you can learn a lot from your uncle with a few rentals in another state or a co-worker that's on their second house hack.

As a beginner, you can learn a lot from your uncle with a few rentals in another state or a co-worker that's on their second house hack.

1) Airbnb Facebook groups (there are always people asking for a Co-Host or bringing up that they are struggling with X challenge) 2) Connecting with Airbnb cleaners who are already working with homeowners who are self-managing it and could benefit from a Co-Host taking over 

There are some other coverage types that may pop up from time to time like ERC (Extended Replacement Cost) or GRC (Guaranteed Replacement Cost), but these don't seem to be the norm when it comes to investor policies.Co-Insurance - 80% or 90% co-insurance simply means that the insured / investor "could" become a co-insurer after a loss if they don't keep correct limits/values on file. 

You can do a major cleanup (repaint, etc...) but putting lipstick on a pig doesn't solve the problem...and it will take many coats of paint to eliminate the smell that is now a co-tenant in your unit.