Precisely describe this for yourself and you will start finding answers.

Both are as you described: beach view, private balconies, one is a full one bedroom and the other is a suite.

My realtor knows the areas I described very well and he absolutely kills it.

Here's the guideline.https://selling-guide.fanniema...Limits on the Number of Financed PropertiesThe following table describes the limits that apply to the number of financed properties a borrower may have.Subject Property OccupancyTransactionMaximum Number of Financed PropertiesPrincipal residenceTransactions other than HomeReady loansNo limitPrincipal residenceHomeReady loansDU and manually underwritten - 2Second homeInvestment propertyAllDU - 10, Manually underwritten - 6Exception: High LTV refinance loans are exempt from the multiple financed property policies.

@Steve Velez - With the current eviction moratorium and the fact that your rental is in a tenant friendly city (the Bronx), I would just caution you around making any large, hasty rent increases that may cause what you describe as a good, long term tenant to leave.

Yes, @Jason Schubert pretty much just as you described it.

I can only describe it as social desperation.

Do you guys think I should start at the end and just launch the business full scale or start the way I described?

So taking a 1,000 foot view from what you have described, and being a Realtor myself, it sounds like they are trying not to get themselves into trouble.

You need to balance picking things apart and getting the deal done, but again the more you can have in writing towards finishes, condition, known deferred maintenance, the more information you have to negotiate with once the inspection is completed, especially if the owner didn't accurately describe things.All that being said, it tends to be a sellers market right now, so if you play too much hardball, you could very well end up losing the deal.