Not only are Queens and Brooklyn the busiest Counties in terms of activity (new listings), but they also have some of the most competitive investors in our market.Properties are selling for 8.5% more than they were in 2023, showing us just how desirable the borough is.With its proximity to NYC, numerous public transportation options, and overall vibe and attraction, it is no wonder why the popularity has been reflected in the buy-and-hold rental market.

We used to just say we no longer participate in Section 8 program but new laws eliminate that option.

If I decide to scale up one day, do you have any thoughts on bigger unit count properties and the financing options available to those instead?

Hi - sharing an article published here on BiggerPockets last year on this exact topic - all the financing options for Short Term Rentals!

I would touch base with a lender.

Like if they were required to pay 90% of their appraised value to purchase the property at the seller’s option?

Austin was recently deemed one of the top "boomtowns" in the country based on a study by CoWorking Cafe ranking America's "boomtowns" based on population growth, GDP, employment rates, and other economic factorsFort Worth came in at No. 2 with 64 points, beating Austin in the report's ranking of top cities with a 500,000+ population.

.- Flexibility: If you want to use the property yourself occasionally, you have that option.- More Work: Managing a short-term rental requires more effort with frequent guest turnover and maintaining high standards for reviews.As for platforms, Airbnb is popular, but you might also consider VRBO or Booking.com for short-term rentals.

I am open to all options. 

Does it matter where the lender is based as long as they meet the licensing within that state?