Once you have a contract to buy you have 30 days to close it, and your contract should be enforceable in court (that's another reason you should not do anything illegally, so that you can bring other party to court and enforce the term of the contract if they act in bad faith). 4.

The combination is that high LTV financed RE is not only at an all time high but in terms of inflation adjusted cost is at greater than 40 year high.  

Newbie here looking to get into the long-term rental game.

I'm looking to do a house hack and open to doing STR, mid-term or long-term rentals.

What are some of the exit strategies to transition to long term loan? 

New York City is an excellent market to invest in - but you need to manage your risks accordingly and have a long-term focus. 

But for good properties at the right price, when they can't find an investor to assign to for a decent profit, they CLOSE (either with cash or private, great terms) and resell when a proper buyer comes along.Pretty simple really.People who do this right are seriously networked.

For the first 6 months I ran it as a Airbnb after that I converted it to a long term rental.

For the first 6 months I ran it as a AirBNB and after 6 months I converted it to a long term rental.

If you are new to short-term rentals, you should not be doing Brian page or Arbitrage.