For the purposes of this section, it is immaterial that the person to whom such payment or compensation is given made the referral or performed the service from within this state or elsewhere; however, a licensed broker of this state may pay a referral fee or share a real estate brokerage commission with a broker licensed or registered under the laws of a foreign state so long as the foreign broker does not violate any law of this state.any person engaging in Real Estate services for compensation of any type must be licensed unless they hold a specific exemption. 

As far as navigating STR laws/HOAs, I think its best to have a PM with experience operating STR's specifically in KC to prevent as many headaches as possible and answer any questions you may have before-hand.

I'm under contract on another one in eastpointe right now.Sometimes its hard to look at a location as a whole, but every property we buy we look at the specific location.

The "market" you should be using is based on specifically where you are investing. 

I've recently seen people giving advise to take out a HELOC as a means to pay your normal everyday expenditures including bills, and at the same time, taking your paycheck from job and applying it every month towards your mortgage payment.

Our market is literally built for STR as the communities are zoned and built specifically to be short term rentals.

As, I've mentioned to a few other posters in the past, when your searching in NYC, I would recommend getting super specific in your geographic parameters. 

It's essential to evaluate each deal individually, considering factors like your specific market, property condition, and your own risk tolerance.Here's a quick summary of what you might do:70% Rule: Use this as your initial benchmark to assess deals, especially if you're looking at traditional financing with 70% LTV as a goal. 75% Rule: When you have access to lenders offering DSCR loans at 75% LTV, adjust your analysis to match this new lending option.

If you are looking for a turnkey property (meaning one that has already been rehabbed, rented and managed by the same company that sold you the property) then I can help you with your quest for providers in specific markets. 

@Martin Bys pretty basic goals, you'll need more specifics to achieve them!