Separately I have a non paying tenant I am evicting which will cost me c10 months rent but that is another story and buyer beware in dealing with NYC tenancy and housing laws - advice is hire a lawyer from day one of nonpayment.Two questions for the forum:1.

I sit on the Board of Advisors for FTF, and have invested in more than a half-dozen deals (average investment of $25K) in the past 18 months. 

Have you considered using a service to help you select a market and home?

People rent on a month-to-month basis all the time.

Each bedroom is rented out individually by the previous owner on a month to month lease.

Mostly sold all of these on Facebook marketplace (0$ monthly subscription).

Thank you for your service! 

You also get to use the other doors rents per month as income (75% of each door) towards your income to qualify.A lot of the secrets comes from the ability to do the math on the deals prior to putting in an offer.

We will be doing a long-term rental for $2,400/month.

It is very very hard to make an NOI of $2000 every month or an average NOI, when your general occupancy trend is like weekends and long weekends because Poconos is not where USA travels, it is basically people from close by cities of NJ, NY, PA travel here.I am not saying it is not the place to invest but if you are looking for cashflow with a 20% down with current mortgage rate, I would run my numbers very carefully.I did not touch on HOA, township licensing and restrictions specially 2 people max per bedroom and Pocono Promise :P