Another option would be to look into multi family properties in more fringe areas, but I would strongly suggest starting with the condo, don't even consider a Co-op. 

I was not planning to seek out a new investment property in the new location - I have learned over the last few years that being a landlord is not really for me.However, my tenant threw a wrench into my plans yesterday - she informed me her offer to purchase a co-op elsewhere was just accepted, so if the purchase goes through, she could be moving out in as little as two months (we discussed the possibility of her buying my unit, but she wants 2BR).

We live in a co-op in queens, and have a little over $200,000 in equity in the home we live in.

These companies already exist but you can easily do the same by becoming a co-host. 

I have a CO agent who can write the contract.Question: Can anyone point me in the right direction with next steps?

I ended up losing most of my first installment since only a fraction of the work required to be completed was done.She did not pay any of the workers and they all stopped working.Has anyone had any success getting a GC to allow you to sign on as a "co-insured," on their state bond ?

@Zach Wain They might have added a co-borrower with better credit to get a DU approval by spreading the risk out.

Cal. but the big guys are getting them but they have the cash to do so.I would look at finding a property that is not a major fixer but one that you can get with an FHA or Fannie mae rehab loan as an owner occupied. you can even get a co-signer.Look at my last post here:https://www.biggerpockets.com/forums/61/topics/732543-here-is-my-adu-variation-to-brrrr-its-called-bra2xrr

https://sierrasellshamptonroad...Sierra is a Co-host for STR's that can help you out!

The IRS lien has to be recorded or the United States of America listed as a co-defendant in the lawsuit for them to have the 120 day Right of Redemption.You also have to learn which liens have priority and super priority.