I am about to lose my car my place to live basically my life.

Use tools like the VA loan for house hacking and your Basic Allowance for Housing (BAH) to cover living costs while building equity.

Forgive me kind folks here for the many questions, I consider myself a newbie and believe that even if my questions are basic and many, I persevere and try to know from resources and of course great folks like you all here to grow and learn to make the right decisions.

Thinks that basically read to don't use C4D to F-people. 

We're never going to erase class in any capitalistic system so the best you can do is put up some basic guard rails and let the market do what it does.  

That's what we do and we basically tell the students that "if we aren't willing to invest, it's not a good deal and you shouldn't do it." 

I do know managing more than 1 property is a tall task unless that is pretty much your job. 

Here is a video that runs down the basics - https://s-media.nyc.gov/agencies/specialenforcement/01-Legal...There is also a prohibited building list - https://www.nyc.gov/site/specialenforcement/registration-law...Here are some more info overall - https://www.nyc.gov/site/specialenforcement/registration-law..All of this makes STRs in the city pretty tough but it certainly not impossible.

Or, would it be beneficial to hire an employee to handle day to day tasks?

Not actively do deals ...so , basically new investors are **** outta luck , by the time they figure all this out