Also this opportunity came through a turnkey rental company so there was additional premium baked in and as an out of state investor, I was not planning to visit there and don't know anyone who lives there either.

I would love to hear feedback from others that may have been in this situation or can just offer additional advice.Thank you so much!

We didn't feel the additional protections offered were necessary at this point in time.

Whether or not you'll be able to lower your current living expenses by househacking will depend on:- the type of property- property taxes - which are relatively low in BK compared to other counties- down payment- projected incomeThat said, househacking in NYC is totally doable and most first-time househackers find success in located small multifamily properties (2-4 units) preferably with some sort of additional income potential (i.e.

Those investments are super risky and if you have $200k to invest you don't get any additional mileage out of your money by having a $200k slice of a $50 million project.

If you truly want professional advise to confirm what the other forum is telling you, or to assist with your own research, I would suggest paying for a consultation with a CPA rather than relying on that of a free/public forum. 

So should I go for $50 or $75 or $100 or what number would you suggest?

I can only suggest you can't win unless you play.

So, the terms of your lease should be catered to that, with very strict insurance terms, personal guarantees behind any company signing your lease, requirements that lessee handles all repairs and maintenance, additional security deposits, and I would go so far as requiring minimum review quality for the host, limits on quality of guests they can accept, etc.And to your point about Airbnb not doing background checks, you are right.  

If you are looking for cash on cash returns as your spreadsheet suggest, there are much better deals especially if you look for 2 or more units.