Furthermore, I'm enthusiastic about connecting and meeting individuals who share similar interests and reside in NYC.Thank you!

@Estevan BenavidesAssuming you qualify by yourself, I wouldn't do a JV.

In most cases you cannot charge two different tenants for the same time period (double dip).Pet fees/pet rent: Local laws vary, but there are often addiitonal deposits, fees, or rent for allowing pets that don't qualify as service animals or emotional support animals.

My husband was thinking we could take the mortgage interest deduction (since we don't have a mortgage on our primary residence), but now you have me wanting to run the numbers with 75% or more down. 

For these reasons I will have to qualify for a loan on the nee house, to pay off the debt that exists and to finance renovations.

Keep in mind getting it to current HUD standards will still not make it qualify for traditional lending if you end goal is to sell it. 

I mean they do it for low income senior residents and the multifamily affordable apartments that been there for a while.

Hi all,I am a Newbie first-time homebuyer/landlord here, hoping for some wisdom from the community.I bought my first primary residence in Nov 2021 for $850K (20% downpayment) in San Pablo, California.

Next it will all come down to the numbers for the deal to really confirm 80%-90% LTC/LTV on purchase, 100% of rehab (funded in draws) not to exceed 65-75% ARV (depending on the lender, most are 70-75% ARV) Kiavi is a great lender, but it comes at no surprise as their internal credit analysis throws me for a loop sometimes (and shocks me, as very qualified borrowers sometimes still don't make it through that analysis)In short, you simply need to connect with the right lenders and each will have varying rates, costs, fees, etcBill Fay referenced the Hard Money Lenders link here on BP which is a great direct resource! 

This will be my primary residence but I may want to move in a couple years as I would like more acreage.