The laws,  including the recently passed washington 'just cause' rules do allow for giving a tenant notice to vacate if you are going to owner occupy,  or for substantial rehabilitation  (meaning necessary work will make home uninhabitable, and typically also means permits must be pulled for some aspect of the work;   paint and carpets doesn't count)   But keep in mind COVID moratorium rules and still in effect  though  (in theory) they are phasing out.    

Understanding that everyone needed more time to make this happen, I just sort of stuck my head in the sand and crossed my fingers hoping for the best and did not bother to even try and evict.

I was simply trying to wrap my head around the entire process of registering my AirBnB/Vrbo adequately, according to the State's new STR guidelines. https://www.airbnb.com/help/ar...  

Anyway, your head is in the right place.

Thanks for the heads up.

I've never head of anything that allows for access to equity with only a 10% equity position.

This is an armchair idea, meaning in your head it probably sounds reasonable, but to seasoned investors it sounds ridiculous, especially to try in Brooklyn.

Depending on your state of residence, you may want to form an LLC in your own state; in some cases LLCs formed in Nevada or Alaska may be beneficial, but also result in extra filings.The answer to your question will depend substantially on the following1.

Sounds like the seller is trying to give a cap rate of somewhere around 10% (just doing the math in my head). 

This caused some complications, since if you don't have students lined up for the unit on Aug 1, you're probably out for the semester.Here is everything that's gone wrong or been a substantial disappointment:1.)