For personalized advice tailored to your specific goals and risk tolerance, it's recommended to consult with a real estate advisor or financial planner.Good luck!

I think referring to Account Closed's method of communication with her tenant as "texting buddies" is rude, condescending and out of touch.If that is the normal method of communication with this tenant, in my state it is legal, proper, and efficient to communicate notices by text and in my view there is nothing "unprofessional" about texting per se; communication by any method might be 'professional' or 'unprofessional' based on the content.

From there, you'll deduct all of your other business expenses that are not property-specific.

Here are the specifics on the unit:Large Hangar For Sale $197,500 Hangar Size: 4,125 SF (55' x 75'), Construction: Steel hangar fully insulated with efficient natural gas heat.Lot Size: 0.19 Acre (8,125 SF) of leased landZoning: AIRPORT-L, M1-L,OSPR-L, PF-L23 years remaining on land lease.Hangar has an office, shower, gas heatSingle lift hydraulic 53' x 18' door200 amp service

For less then 2 years income, HML or Private money may be the best option as the lenders look at the specific scenario.

@Chris, I presume you are talking specifically about Long Island?

I'm doing some work for a client who is looking to do the same, though not specifically near the Clinic, as you can reach people at any of the three health systems without being directly near the Clinic.

I am aiming for a home between 150-250k, which i can afford if all hell breaks loose, at a 5% conventional 30 year term loan (unless a lender or someone else can suggest me a better loan) My question is what are the minimum requirements for obtaining such a home (capital wise, credit score wise, salary wise) Who can i specifically talk to for these numbers and help me understand tenant demand, areas, and more specific information about my market?

Can I be held legally responsible for paying this guy? 

I too have wondered about connecting with a mentor in this space and what those who are more experienced would suggest for getting started specifically in the market which I live.