You may even find that the other rents will more than cover the monthly mortgage payment, thus allowing you to live rent-free and start accumulating a nest egg to roll into another property!

Best case scenario, they cause more wear and tear on the property with each step they take, each pee dribble on the carpet, and the dirt they track in that accumulates to a stain.

Also, judgements are renewable after the first 10 years and you collect interest on the judgement plus all the accumulated interest from the first 10 years.

Its a great way to go an accumulate massive sums of tax free cash. 

Keep repeating this a few times and you'll accumulate enough in interest to move up into the next steps.  

DM me and I can share any wisdom I've accumulated over the years.

My main goal is cash flow with the long term vision of holding and eventually moving out of that property and accumulating more rentals in the same market.

In many instances, these strategies allow the new investors to:- lower their up front costs to acquire the property - using as little as 3.5 - 5% as a down payment- lower their current living expenses - going from paying market rent to having a tenant pay part/majority of the monthly mortgage- accumulate equity on the property at a similar/faster pace than they would be able to save capital as a renter- gain valuable acquisition, project management and property management experience to then leverage for future investmentsFor a new investor in NY, an alternative to using the BRRRR or house-hacking strategy locally can be investing in some of the lower-priced upstate NY markets i.e.

It seems to me, that its going to be a large process, even after COVID. they would not let all that accumulate evictions, came all together...Thank you for your answer!

They might be strapped to student debt or have not had the time to accumulate money for a down payment but are like-minded and have the flexibility to house hack.