They loved it because they got some play money right away and steady income each month without having to deal with toilets and tenants.

I tell everyone this, New York is one of the hidden gems of investing if you know how to play the New York game.

Well I have seen this come into play - I had someone who has a note in florida that was a non-owner occupied loan and the lender claims the borrower failed to make payments on this and attempted to record the deed in lieu.

Play Opossum ".... help, I'm some corporate slave just feeling life slipping away in my 9-5 but I do make hundreds of thousands of dollars per year I just have nothing to do with, WHAT SHOULD I DO"..... 

You need to remember that, hopefully, this is a long-term play for you, so work with a trusted STR designer (I have great recommendations), and spend the money upfront so you can be the most successful in your area.

Thomas Lennon who played Jim Dangles.  

Here's a question for anyone who wants to play.

Down payment amount varies and more you put down the highre you will be in the queue of applicants, also down payment varies per your credit...Dodd Frank IS in play!!

I stopped buying in March 2020 as we didn't know how the pandemic would play out.

Eager to start playing with the tools and calculators provided here too.