Also according to Furnished Finder its 5th in the state and there are 133k+ searches in the last 12 months and only 365 homes available.

I assume the laws are fairly similar in this situation from state to state but I would definitely recommend checking with another source in your area.

I recommend reading “Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties” - I found it to be very helpful when I got started investing 2.5 years ago.

If I need additional funds, I can give another lender a second mortgage after explaining to them that the first mortgage holds a stronger position.BUT... if you do some paperwork with the state and set up an entity.

@Paul Sandhu - impressive@Lucas Carl - TMI@Ethan Cooke - great tip@Sid Payne - You're not the first to state the same, really like it with some learning curve

This would of course be based on the LLC being formed through the state for real estate transactions. 

It's generally been easy to deal with, but as we all know, New York state is anything but supportive for small landlords.

Depending on state, you may be able to get help from the law....?

Purchase price: $100,000 Cash invested: $35,000 First out of state BRRRR.

We would then use the short term rental income to fund the long term multi family portfolio state side.