Imagine 10 years.If you can add 10 units a year, you'll reach the goal in 6-7 years with a few years to improve rents.  7-8 properties kicking off 1500-2000 per month is pretty doable.As for financing - There are lenders who will lend to you on a smaller deal like this. 

If I can see all of this in the photos, I can only imagine what I would see in person.

Imagine closing on a vacation rental that can't secure a permit?

As such, you could try REIA and local meetups, but I imagine you likely won't get very far.

Sure terms matter, but I would imagine if you took a poll of bankable borrowers and asked why they work with particular alternative lenders they will all say the lender is knowledgeable which leads to practical underwriting and practical loan administration.

I can not imagine you'd get a permit with "just a box drawn on the site plan".....nothing showing plumbing, electrical, structural elements, etc. meet building code.

I would imagine operating in NYC right now is essentially playing with fire.

I imagine that will be pricey to fix.My understanding is the seller isn't required to fix anything. 

I imagine the latter would help conserve water usage, but the prior is easier and some tenants don't want to pay for hot water but they could run up the bills at my expense and I'd have to wait 1yr to adjust usage.

The area I'm in is very rural so id have to develop a plot from the ground up and have a lot of up front costs id imagine.