Being a homeowner (especially in your area) is impressive. 

I've crafted terms that are a win for me and for my buyer, but my intention is to hold the deed of the property until the buyers's note to me is paid in full, exactly as the banks do.   

It's logical but will only appraise based on comparable sales and, if it's an area with few STR sales in the past 12 months, it will appraise just like an owner occupied home.

It gets the job done, but there are a few things that I wish were different.  1.

This project, known as the Megafab factory, is expected to create over 50,000 job opportunities and contribute nearly $10 billion to New York’s real GDP over its first 31 years.

Looking to pursue some deals in the area and would like to get in touch with an agent who is specialized and experienced in the STR space.

But when you purchase a property, your basis for deprecation is the cost of the property to YOU (except in the case of a 1031 exchange, the rules are a bit different).

@Zachary Wurtz  The basic docs. for a real estate loan are a "promissory note" (often just called the NOTE) and a mortgage.

Checkout the ZipFinder feature in vestmap where you can choose your criteria - growth, income, median home price and use it to narrow down potential areas.

Finding a great agent is not easy, there are a lot of "doofuses".