For example, you offer the seller $5k extra if the seller can negotiate an early end to the lease and make the unit vacant for closing.

And STR is much more involved with high turnover rates so you’ll not only need to post the listing but know how to keep it competitive so that you maximize bookings, of course, furnishing it, keeping supplies, restocked, cleaning, maintenance, And what about consideration to any local STR rules and regulations?  

My name is Elliot and I'm currently a NYC resident and i would like to ask for guidance on where to start investing in NYC i would like to invest in a multifamily unit here in NYC but the prices are a bit high.

If they aren't using a professional machine, odds are high that they'll leave water in the pad, causing the place to smell like mildew after a few days.

Quote from @Josh Green: I personally am buying and helping clients buy in the Tampa Bay Area for a few reasons:Here, you have a historically strong and consistent tourism presence, limited land/STR allowable areas, highly liquid property compared to selling a cabin in the woods, all 9 classes of visitors in the STR sector, and appreciation.

If you do 10 loans, that are all low quality, then 90% ltv would be pretty high risk.

Last year we did see quite a few units to go MTR/LTR, but those were mostly people who bought top of market and high interest rates and were drowning. 

I highly recommend getting a photographer who specializes in STRs.

Haven't seen activity increase like crazy but I think end of August(after school starts) activity will increase before the Winter

If you're investing remotely, especially for buy/hold, I highly recommend for the investor to spend some time in the cities that they are interested in