This ordinance will drive out small, local owners, replacing them with cash-rich, out-of-town corporate owners.

Also, the home owner most likely has a mortgage and receiving a large amount of cash and then not spending it for 3 months can be more challenging than you’d think.

There's no way to make it cash flow sounds like. 

After ignoring advice, their next post is often, “How do I evict my non paying tenant?”

Because the property tax as a non-owner occupied property is about 3-4 times the amount of a owner occupied property.  

However, any of our "rules" can be relaxed, at our option, with compensating factors, such as low LTV, large down payment, high borrower liquidity and net worth, additional collateral, profit participation, prior experience with borrower, etc. 

Many investors in NY like the idea of house hacking because:- They can invest with a low down payment (similar to what a 20% down payment would be OOS)- They gain hands-on acquisition, project management, and property management experience.

I suspect maybe something like Hagerstown or Cumberland, which yeah are Class D like markets with declining populations, high drug problems, no strong job base which leads to non paying tenants.

Either pay cash for it or get a low interest C.C.  

Started out at 19 not knowing much and buying on land contract with down payments from credit cards.