Thank You Hello Charlie,I'm sorry for your loss, my condolences go out to you and your family.LA and NYC are very similar with regards to this... while it is very popular practice for owners to rent by the rooms, it is not legal.Being that the numbers don't work without renting by the room AND you could be subject to fines in the future, selling the property and using the proceeds to purchase a multi-family makes sense.

If you're thinking about Brooklyn, South Brooklyn is a popular option for folks beginning to build a rental portfolio - Canarsie, East Flatbush, Cypress Hills, East NY, etc. 

I think the one written by Joe Fairless and Theo Hicks is quite popular and people say it's good.

The property is in a Dallas neighborhood that is experiencing large growth and gentrification and within walking distance of popular restaurants and entertainment.

“There simply are not enough homes available for sale in the neighborhoods and the price ranges that are the most popular, in the meat of the market people are wanting to buy,” he said.Demand is strongest for homes that cost less than $350,000.Longhofer said sellers of those homes frequently put their home on the market on a Friday, and essentially have their pick of offers by the end of the weekend.

Facebook is surely still popular, but it's also popular for being a network for stolen or given away information so when you step on there and start contacting homeowners it's meta disruption.

Target Property TypesFor types of properties, I am targeting any structures but eschewing vacant land unless the metrics are highly favorable or the land is in a desirable place like near a popular lake.

If this happens, insurance companies like SureVestor are going to become a lot more popular.

In no particular order I have listed some of the most popular markets for out of state investorsCleveland, OhioDayton, OhioToledo, OhioYoungstown, OhioCincinnati, OhioMemphis, TennesseeBirmingham, AlabamaKansas City, MissouriSaint Louis, MissouriIndianapolis, IndianaDetroit, MichiganErie, PennsylvaniaLouisville, KentuckyMilwaukee, WisconsinJackson, MississippiEach of these markets is popular with turnkey investors because of the low barrier to entry, high rental demand & high rent to price ratio.

That's a big reason RTO can be a popular option.2) RTO tenant may not take it all as seriously depending on the size of that option fee.