I'm working off of anecdotal experience with this market here, so there's that. . . .If the MF property is targeting vacation travelers to Myrtle Beach then you'll want it to have very strong appeal to that pursuit, along with a proven history of being a viable vacation rental.If NOT a vacation rental . . . who is the likely tenant? 

The second risk is, hello 2020... all vacation travel stops for an extended amount of time.

Travel into NYC from those towns in under the hour range (I've lived in West Orange for the last 7 years, and while there is no direct station into the city, you are within 10 minutes or less of at least 6 stops). 

(Per your Association’s Rules and Regulations: Section 12.8 states “Recreational vehicles such as motorhomes, travel trailers, camper vans and boats are not permitted in the Community.

I tried getting them to mail in payments but it takes over a week to travel the two miles from the apartments to my PO Box.

@Dakota BurkeenI’ve never been to Missouri, but I’m a traveler so you never know!

I had good luck with Bank of Travelers Rest in early 2020 for a cash out refi, but I’m not sure what the current situation will be.

Are there nearby towns that don’t have facilities (usually a 3-5mile radius is how far people want to travel for storage)?

Hi BiggerPockets,I am exploring my options for financing a second property in New York and I'm looking for some advice on the best course of action.The down payment will be financed with a home equity loan on our current property, and the two options that seem to be the best for us are either to put 20% down on a rental property (multi-family) or wait until we are in our current home a year (April 2021) to obtain another loan that requires primary residence with 5% down or even an FHA loan.However we are planning to go travelling next year so I'm not sure how that affects the occupancy requirement, our furniture and belongings will be in the house and it will be our home but we will not be there for the majority of the time.So ideally if financing allows would be to go for the 20% option (higher upfront cost and higher rental income) but if that is not possible is the primary residence route a viable option if we are not going to be in the house (but it is still our home)?

Landscaping, travel and general construction expenses.