Wealth comes from holding real estate long-term.

As long as everything goes according to plan, I'll be closing on that next week.

hola, cool. how long have you been living in Peru?

Our long-term plan is to eventually move out, rent both units, and buy a house of our own.

If you can get $1400 for the commercial without any out of pocket expenses and new long term lease with rent bumps, that would sound more appealingGood LuckGino

My investment property is in upstate NY and I live out of state and am managing myself (via my brother that lives in town), not a house hack, long term rental on both sides.

If you're converting to a long term furnished rental, the expectations are different and so is the day-to-day usage of your place just as you've assumed by your question about wear and tear.

Thank you for checking this out… I hope this information is helpful to you or someone you know in the New York market.If you are interested in 2-4 unit properties in Queens, Brooklyn, the Bronx, Westchester or Long Island, this will give you a sense of what is happening in the NYC metro area.

Is there any standard paperwork I need to sign with a troublesome tenant who, after long negotiations, moved out on time?

Hey @Michael Lee, we just completed another six-plex loan in NY last month with similar terms for our client.