In NY all new buildings MUST be electric only.

Its really a gamble that you have to be prepared for. 

It depends.On the property, the location, purchase price, demand in the location etc.Yes you can make it work but you must do your do diligence and run the numbers.

If you have not already purchased this policy, I would look for a policy that provided a stated amount deductible for wind/hail vs. a % deductible.

Avoid PMI and then go to a local credit union and get a heloc after closing to gift the money back.Have this as a tool in your tool belt but pursue use of the 3.5% FHA, knowing that you will be at a competitive disadvantage if you are competing with non FHA buyers, then you can call in the favor from your gift person.Just know that if someone gifts you down payment money, your bank will require them to sign a letter stating that it is in fact a gift that doesn’t need to be paid back.

There is no SST and makes it easier to house hack 3-4 unit properties and you can use that loan repeatedly while with FHA loans you can only have one at any given time.

THEN you have to support yourself while you are working on your first deal. 

I don't have a W-2 job.

Remember, that equity started out as a 5 to 1 ratio.Here's my take on the roles of CF and equity, and why I say you must have both:Role of CF - To accumulate within a property to equal the cash you put into it. 

They give you and teach you all of the tools you need for creative financing and are in the trenches with you.