Have you asked the owner about seller financing?

Westchester, although one of the hottest markets, has a ton of upside with opportunities for both cash-flow and equity. 2-4 family properties in Westchester are the 2nd most affordable in the NYC Metropolitan area (next to Suffolk County) making it easier to find cashflow opportunities when compared to the boroughs and other suburbs like Nassau.A client of ours in Westchester recently purchased a < $800K 2-family with a detached 3-car garage which brings in additional rental income - from a local business owner with commercial vehicles.

Purchase price: $220,000 Cash invested: $30,000Currently house hacking.

You can say houses are much more expensive today!

As new vacation rental owners I think our biggest concerns are liability and the potential of loosing everything to a hurricane.

The area has seen growth in both the residential and rental markets, making it a potentially lucrative investment.For financing, you can explore options like conventional loans, FHA loans (for owner-occupied properties), or even local programs that might offer lower down payments for investment properties.

Or are you actually talking to a bank about buying the note so you can see the notes and credit on the owner of the property?

As a rental strategy for non owner occupants, it absolutely is a fantastic way to generate the highest return, that's true.....but also, and most importantly, your screening has to be on point, and without that, it won't be as effective because one bad roommate can ruin the environment for the other roommate tenants. 

I think you're in the right are for investment affordable housing .

If the owners are saying that, then it is not to be trusted.