It was in rough condition, which limited competition and made it a strong candidate for the BRRRR method.Negotiation: After analyzing comps and repair costs, I negotiated a $420,000 purchase price, which was below the market value for similar properties in the area.

Utilizing empty lot space in this way helps to combat the increasing housing prices and limited supply many markets have been experiencing.

With your income, you may qualify for an FHA loan with a smaller down payment, but buying now could limit your borrowing power and increase monthly payments.

What’s exciting about your journey is that NYC has so many unique opportunities—you’re not just buying a place; you’re investing in a lifestyle.

I'd recommend house-hacking a duplex or triplex if possible to help limit your living expenses.

However, what if you prefer simplicity, limited risk, and are living off of the income? 

Most will go to 80% of the value of your property, some limit to 70% max.

If you truly are limited on time or can't make investing a priority, you should look for smaller projects as others have recommended.1) General Contractors are available to run your project, but most are too expensive to make ROI work on smaller projects. 2) A great PMC can act as a Project Coordinator for rehabs, but many won't be transparent about the costs, so you know what you are paying for.

Most cities don’t want a mobile home park in their city limits because the tenants take more money out of the tax system than they contribute.

I would limit the open calendar days on VRBO to maybe only 30 or so out so as to not cause any/many issues (having too many dates show as booked) when I subsequently go live on Airbnb.