However, some local jurisdictions may mandate it.Additionally, bedrooms must meet certain electrical outlet and lighting requirements, cannot have openings directly into a garage, and with some exceptions cannot contain gas appliances.

Among my criteria for investments is to target small multifamily properties with upside In rents to enable cash flow - nothing new.  

I'm potentially looking to purchase a small rental building which falls under the NYC rent stabilized program.

The use is occasional because these are small time flippers who might flip 1 house every 1-3 years.

Do the math with a small number of units you like best and purchase whichever one makes sense financially based on price/income.

Lastly, don't forget about other smart moves like using self-directed retirement accounts or 1031 exchanges to keep your tax bill in check.

So that by the end of the amortization schedule, almost the entirety of the monthly mortgage payment goes directly to pay principal.

There is a small window.My plan was to either add a bulkhead entrance or create an escape window.

But many people like having a feel for what's going on at their property, and find controlling their reputation and product is easier with small or mid-sized buildings.

It encourages potential clients to reach out to you directly and deters scammers.