If you're prioritizing the headache factor, having one tenant is always going to be easier than manage than two, but I think what's more important is that you're vetting your tenants thoroughly no matter what type of property you get.Good luck!

However, it’s important to price for today’s market conditions.

Alternatives to NYC househacking include searching in the surrounding suburbs - Long Island and Westchester County.All the best to you on your journey!

On highly distressed properties I can't stress enough how important it is to contact relatives of property owners as well.  

Your monthly payment will be $15,000 and doesn't include taxes or insurance.

Hey everyone, I should’ve included a photo in my original post.

I would be interested to include you as part of my power team soon!

What is most important is the investor finding out what the actual condition of said property is.

I see you have property management included in your analysis. 

You can hire a lawyer to set it up for you, but many small businesses form LLC's on their own.The important thing is keep your LLC organized, keep business things separate always, and run your business with integrity.