Practice analyzing deals, explore surrounding markets if NYC feels too competitive, and stay persistent, closing your first deal takes time but is well worth the effort.Good luck!

It is sad that no enforcement can even go after their fraudulent business practices. 

And I feel the ideal portfolio can benefit from the diversification of both.I feel directly owned properties are great because they give me maximum control and the ability to tweak them exactly how I want.

I would not renew the lease based on multiple violations you noted, but also because you are jeopardizing your good tenants' ability to enjoy their living spaces.

Each room will have a separate lease on it with a separate deposit following normal property management practices, and like you said, the leases have different start dates. 

Given what you’re looking for (affordability, cash flow, and the ability to add value), Detroit might be worth looking into.

There are some teeth to HICPA since it works in tandem with the Unfair Trade Practices and Consumer Protection Law ("UTPCPL").

Credit is also going to hinder your ability to get a heloc, and lack of income for now. 

Focus on one strategy, practice analyzing deals, and take consistent small steps like attending events and building relationships.

And oh I have heard that about the majority of people not actually practicing.