If 10% is sufficient, do that and keep the remaining money as a reserve or for your next investment.

You can do both basic housing aimed at students (they usually aren't hard to impress, just want a safe place to sleep - they don't need fancy and usually won't maintain fancy) and higher-end housing geared towards all of the professionals who work at the area hospitals, and everyone who works in Albany area in general.

It sucks to go slower than you want to, but in the long run I think you'll sleep much better at night.

Make sure to do sufficient market research prior to jumping in...especially if you are considering STRs. 

Just curious how long you project to be a sufficient amount of time and data to ascertain if your projections of appreciation hold to model? 

The amount of applications we receive on a daily basis I barely have time to sleep.

How many will you sleep (more people a little more in monthly utilities).

If a defaulting taxpayer has more than one item to be sold, as soon as sufficient funds have been accrued to cover all of the defaulting taxpayer's delinquent taxes, no further items may be sold.

It sleeps up to 16 guests.

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.