I myself do not totally agree with the word " tiny " Reason : taking some actions is better than no action " delegate the management instead of personally managing "~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~From my recent experiences : yes key for large building is to the be person owning / control instead of one dealing with tenants daily issue or simply spending hours shoveling snow. 

I live 15 minutes away so it isn't a big deal, plus they are all on tiny lots.The duplex we bought last year has tenants responsible for lawn and snow in the leases, but we knew before we bought it that the landlord was taking care of it, and I would rather stay away from providing and maintaining equipment for tenants- to much liability.  

More CONS are:-flat roof will need attention this in the next 1-3 years-kitchens are early 90's style and on the tiny side.

So - you take a listing worth $5K when it sells, you hand the closing check to the broker, he/she deducts the $300 fee ( or whatever your agreement is with him/her), a tiny % to the MLS, and you get paid the rest.

Does anyone have experience with developing a tiny house community and rental rates?

Depending on the location and the way the property is, I would suggest renting it out to a tiny home or multiple tiny homes (if the local laws allow it, of course).

Of course it varies tremendously, but $35k doesn't sound like enough for a full gut, unless it's a tiny home. 

Should be over $1,500 on the west side and probably closer to $1,800 unless they're tiny rooms and it's old or on a railroad track, etc.

. - That entire gain is tax free, since it is your primary residence- Your monthly payments will be over 4k per month, but almost half of that is going toward your own equity and the other half is a tax write-off that reduces your taxable income and possibly brings you to a lower tax bracket.SUMMARY: I'm not quite ready to declare victory for purchasing your home in NYC, but I have to admit, I just convinced myself a tiny bit more. 

Ireland is a three tier market, with huge amounts of corporate/hedge fund cash pushing yields down and prices up in the Dublin market (first tier), some decent deals available in Cork & Galway if you have excellent local knowledge and partners (second tier) and no signs of recovery and tiny sales transactions in rural areas and tertiary cities (Leitrim, Limerick etc).