It cost us $24,000 to get our 9 certificates including the tests and work performed and we’ll claim a $13,500 tax credit on our 2021 returns. 

A house hack via FHA can get a 4 unit and a basement, which would be ideal and create major cash flow and equity creation, plus you can not worry about a property manager and boost your yield.Personally, I am very bullish on New York and NYC itself.

An inspection will be performed, which may or may not result in the deal coming to an end or a renegotiation on price. 

Not sure what unit count you're considering but the nice thing about jumping above 4 units is the bank will put more weight on the performance of the property than your own personal finances. 

A duplex generally is going to perform better because it's a single structure with 2 streams of income. 

Since it is a relatively short term stay (3 months) compared to long term tenants.Do you still perform a background check?

Since it is a relatively short term stay (3 months) compared to long term tenants.Do you still perform a background check?

being a high volume transaction company we do see this alot.. more so in the mid west were values and buyers tend to be a little tougher to get to the finish line especially first time buyers   compared to high priced markets .Nothing more frustrating for a buyer though to be hooked up with the lender that low balls you but cant perform and your out thousands. 

Then when bad tenants perform badly the investor is shocked and moves to another PM firm and starts the cycle over.

Is there anywhere I can collect historical performance data on short term vacation rentals in a specific area?