There are children in the home and NYC is a tenant friendly state so you are already at a disadvantage.

If it is not on the MLS the agent is probably thinking she can represent both you and the buyer, getting 100% of 4.5% rather than 50% of 5.5%.The sliding scale would likely work to your disadvantage.

Being that you are already at a small disadvantage being away form the investment you do at least want the law to back you up in the event of an eviction.  

The Strong Tenant Laws are so prohibitive to NYC Landlords, if you have an eviction record, you are at a Yuge disadvantage.

The purpose of this post is to start a meaningful discussion to find potential partners in real estate investors, builders, handyman, property management, and real estate development while gaining knowledge of each industry's advantages, disadvantages, and how each industry can combine to maximize efficiency, profitability, expansion. 

If you are the only property where tenants are responsible for the water bill, you'll be at a competitive disadvantage.

Also you cannot advertise for investors.With a 506C you can advertise for investors but they will have to be accredited and verified by you or a 3rd party service.You can research advantages and disadvantages to the different types of filings and discuss with your attorney when the time comes.

As you said, financial literacy is a must and without it, one is at such a huge disadvantage.

I just don't want to be giving up any rights or have any disadvantages as a tenant by renting on a tenancy-as-will agreement. 

What is the advantages and disadvantages for both markets?