Your correct that there are very few duplex or triplexes here and what is available is very overpriced. 

Hi @Jason Bott - I'd actually like to know more about that insurance option as well (had the exact same question as Chris, and now that I know Homeowners and/or Landlord policies wouldn't suffice, I'd like to know more about the insurance programs which are available for flipping).

In the mostly low rental areas in NYC but are easy to get to Manhattan or good areas in Brooklyn, Landlords would rather rent short term than to rent to an unqualified tenant and potentially get into a court case, this is ASIDE from making better income on the STRs.That also reduces the supply of available apts.Other issues that has not been addressed but was touched upon when over-consumption was mentioned is that in these rent regulated buildings, there is usually a high demand for services, which will add to a landlord's expense, such as older residents demanding more heating despite conforming to heating laws (BTW, this isn't every landlord...

I have a few turnkey cash flowing properties available. 

I use Avail for rent management, has lots of useful forms and free analysis.https://www.avail.co/i/Nezd

There are cleaning and maintenance workers available in the HI-Desert.

Use some of the available tools out there to run high level analysis and then once you have a short list you can start engaging property managers, do more manual research on the existing booking platforms and/or pay for more expensive data to fine tune your analysis.Best of luck!

In this sense, they are accomplishing a goal of making a relatively affordable (in comparison) unit available to the owner-occupant only. 

By the way, FHA works similarly as far as seller concession goes, except there is no 100% financing available.

Is there a generic TEC available to pro members from the Bigger Pockets documents?