Regarding the septic approval, my understanding is that systems are rated for number of bedrooms under an assumption of usage and per person usage.

If you aren’t an experienced investor, most bank will require you to hire a professional pm company to oversee and manage the daily operations of such.Do you actually think that the PM company could afford to pay a manager out of the 4-6% they receive???

Hi Adam,If you hold a license and have been through the purchase process before with other agents, I personally would be open to doing it myself (I am also an agent and have done this very thing).

We have our own personal home, but are interested in the idea of having some rental properties to generate additional income and build wealth. 

An experienced entrepreneur in the same field has offered a partnership, planning to invest $25,000 with a projected $50,000 profit.

The common area language should dictate that personal items are not stored in common areas, it may also address maintenance of those areas, but you will need to amend it to address outdoor furniture and grills. 

But no action.The Dominion Group out of NY pulled me out of the funding mess I experienced after waiting for month on Insula to deliver.

Have you seen the completed home in person? 

If the rents have rebounded or are way above the last major downturn then whatever you are experiencing is most likely a short term blip and you should "buy right" and ride the wave back up. 

Looking to pick the brain of an experienced investor in this space in NYC as have some questions and running into a brick wall with DHCR.