#2 Can the proposed renovation be completed on the current budget?

I would then propose giving her something like $1000 a month to pay her off on the remaining $132,000 equity which would take exactly 11 years.

I wonder if there is any national-level short term rental lobby group that is opposing some of the more restrictive STR proposed ordinances in a professional and organized way rather than just city-by-city?

I would like to know if there are any off the bat legislation you have to deal with for STRs in the area?

I purchased the house and then the next day used it to propose to my girlfriend who’s now my wife.

I was thinking about proposing seller financing but not sure if it would work in this situation.

A short is possible, if it’s upside down, but the purchase price has to be at least 95% of a current fha proposal.

Most HML's are going to only be able to loan to LLC's or corps due to the Dodd-Frank legislation requirements on consumer loans. 

If you are going to move forward on this I would approach it as a proposal for partnership.

ridgewood and bedstuy would be best bet just as far as event/culture trends (where young ppl want to live). ppl moving to bedstuy dont mind the grungy and still borders bushwick. bedstuy willl prob have most growth as far as minority owned small businesses. trains, gyms close by. also wyckoff hospital is buying mfh nearby and using them as offices. it's possible a larger hospital network like lij/northwell health will buy them and expand so you may have a rental property to sell to them. lol. dont be suprised if new mayor proposes some new train or fast rail line like the L train on outskirts of bk\queens. your prop value will skyrocket in 10 years if you bet on that.