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.

It doesn’t matter to me if he is or isn’t represented and I told him that it only changes the terms of the deal and how much he gets, my offer is the same.

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

Cost segregation is not just a short-term relief from taxes, it can be a powerful tool used to optimize your portfolio.WHAT IS A COST SEGREGATION STUDY?

If your goal is financial freedom, choosing the right location is the most important investment decision you will make because it affects all long-term income aspects, including:Whether rents keep pace with inflation is crucial.

Nicholas, as long as you live in one of the units for at least one year, then you should qualify for an FHA loan.

Hi community,I'm planning to house hack in Richmond or Fredericksburg/Spotsylvania and am considering renting by the room using short-term, mid-term, or long-term strategies.

People will always have issue with shared amenities in a short term rental house.