Hire a PM company so you don't have to deal with residents personally.

If your property qualifies for a higher amount, the housing authority will let you know what they can approve.

I am in NYC as well looking to get a heloc on my primary residence.

When I bought my first personal residence in Lexington, the property taxes at the 6% rate on a $100k home were at $2,900.  

Here’s what a 'co-ownership consultation' would look like:- We review an active listing of your choice to:- Build a cost-of-co-ownership model for the property which includes:- Individual ownership and ongoing cost assumptions- Modeling potential rental income for short-term rentals- Modeling financial outcomes from various exit scenarios- Tax benefits and considerations of shared homeownership- Pros/cons of different ownership structures (joint tenancy, LLC, tenants in common, etc)- Talk through the legal agreements (I am not a lawyer and this is not legal advice but I do have extensive knowledge about TIC and other co-ownership agreements)- Briefly discuss some of the ways AI is making the work that goes into successfully managing a shared home easierIf you're interested, here's what I'm asking:- You’re a U.S. citizen or permanent resident interested in co-owning in the U.S.- You choose a property that’s actively listed and something you'd realistically be interested in co-owningShoot me a message if you're interested and open to 30ish minute chat.Thanks!

But yes, my wife and I plan on investing a du/triplex and living in one unit as a primary residence. 

My local banks will only do a heloc on a primary residence.

If we resided in a property for 20 months in the last 5 years, does the IRS consider a "partial" capital gains tax exemption?

Short term rental homes/units drive up the price of homes faster than primary residences and long term rentals.Shifting from long to short in some locations is perfectly reasonable, however I highly recommend you check out your local city's ordnances discussing the requirements for short term rentals.

We find it highly unlikely that the Legislature, having demonstrated its strong commitment to the protection of tenants from unjustifiable evictions, would have intended to permit the eviction of an exemplary tenant solely for the reason that the federal government has found her qualified to participate in the Section 8 housing program pursuant to which the government pays a portion of her rent. ”)