In NYC, yes it can be very lucrative but it could also bury you for the information you don't know that you don't know. 203k Construction loans are a whole different animal.

@Daniel Murphy..Bnbs are their own animal because of the factors you mentioned. 

They possess the determination and grit necessary to take that walk and ultimately those characteristics are a foundation for the vast majority to transition to productive tax paying members of our society. 

Biggest animal request I have had. 

But, typically 4 units and under are not purchased for income alone and many times the GRM's of 2-4 unit properties vary significantly, based on many characteristics, and therefore, the income approach is not usually significantly meaningful. 

In most cases you cannot charge two different tenants for the same time period (double dip).Pet fees/pet rent: Local laws vary, but there are often addiitonal deposits, fees, or rent for allowing pets that don't qualify as service animals or emotional support animals.

My money will go to various animal rescues and this is the first time in my life that I have no responsibilities.

Success in the real estate industry requires a strong team.To comprehend the characteristics of your target location, go out in-depth market research.

I wasn't sure if Sylvester was close enough to Albany to generally have its same characteristics from an investment perspective. 

Lastly, if I want to be cute about something, then I go antiquing and have done very well with niche items (like animal mounts or decorative pieces).