Dee: @Laura Chotkevys how much capital would you recommend for starting this type of business?  

Detroit in particular has been a haven for out of state money and there is a sub culture that has developed of "contractors" advertising to provide this type of service while at best underperforming and at worst completely stealing from you. 

The lone exception is rent control type regulations and/or affordable housing requirements.

Is there any real estate meetups or mentorship type stuff in the area of Staten Island New York?

So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that help!

I know this type of housing was featured in the one show "Happy!"

Purchase price: $60,000 Cash invested: $80,000 Sale price: $209,000 Im not good at this type of stuff, but a brief desciption of the property and what we did.

So if you focus on one city or one niche or one price range, or one type of sale, that is where your career will end up.   

Most communities with HOAs such as townhomes or condos (also single family homes which have HOAs) or don't allow any type of STR, if you were considering that as a future option.  

I'm simply asking for any type of advice and/or suggestions.