As far as navigating STR laws/HOAs, I think its best to have a PM with experience operating STR's specifically in KC to prevent as many headaches as possible and answer any questions you may have before-hand.

I'm under contract on another one in eastpointe right now.Sometimes its hard to look at a location as a whole, but every property we buy we look at the specific location.

If you've done good homework, there's a very minute chance of things going wrong. 

As, I've mentioned to a few other posters in the past, when your searching in NYC, I would recommend getting super specific in your geographic parameters. 

If you are looking for a turnkey property (meaning one that has already been rehabbed, rented and managed by the same company that sold you the property) then I can help you with your quest for providers in specific markets. 

It's essential to evaluate each deal individually, considering factors like your specific market, property condition, and your own risk tolerance.Here's a quick summary of what you might do:70% Rule: Use this as your initial benchmark to assess deals, especially if you're looking at traditional financing with 70% LTV as a goal. 75% Rule: When you have access to lenders offering DSCR loans at 75% LTV, adjust your analysis to match this new lending option.

@Martin Bys pretty basic goals, you'll need more specifics to achieve them!

More specifically, how many years of tax returns is needed to be shown to qualify for a cash-put refinance?

@Tiffany CampbellYou're looking at the wrong properties. 

I agree with the others that three months is way too long and indicates something is seriously wrong with the marketing.You (or the person marketing the property) need to really study the market and look for comparable homes (location, size, amenities, quality, price, etc.).