The hurdle I usually see is that a lot of municipalities don't really allow for tiny homes to be used as dwelling units.

I'm traveling however I'll let Don know.Please keep us on your list.Thanks  You bet -we have one every month usually the 2nd Wednesday of the month but we did not want to compete with Valentines Day this month.

And at the end of the day, you're buying a piece of land in NYC - unmatched dream.Regarding FHA, it can be a smart move if you find a property in lower price range and if the property can provide extra income from rented garage spaces etc.

What a thought.A certain amount of people are willing to sell on Creative Finance, like Subject To, (Subto), Wraps & Seller Finance for various reasons.It's usually under $15,000 or so in "up front" money, so make sure you have some capital.

@Melanie P. it sounds to me that Michael Thach just calmly and gently proved that not only he knows what he is talking about but elegantly showed that those that choose to attack and claim their expertise - are usually the real clowns.

Ideally for the home we would put a down payment of $200k, and somehow use rental income to help offset the costs of the home as income.The town we want to buy a home allows for weekly vacation rentals and has about a 100% rental rate in July and August (rents are usually booked out a year +). 

It's always a mild red flag with a home is selling with more bedrooms or bathrooms than reflected on assessor records.My recommendation to clients is usually along these lines: if you want to do an interior remodel without permits, go for it.

I recommend start by buying a home, living in, fixing it up and renting out extra rooms to friends.

This usually stumps them since they believe their excuse justifies paying late. 

Of course, I can do that since I'm personally connected to the developer.I buy a few condos for my own use and some extra ones to resell later.