We are in New York and self manage 4 STRs in Georgia.Setup:-Cleaning Team: ask your local realtor for recommendation; ask them to post in their private realtor groups and they will get tons of recommendations they can share with you.

Do you have subcontracters lined up to do your Fixes- Plumber, Electrician, Handyman carpentry, Cleaners, Restoration company, Can you dedicate a person to at least once a week to inspect the property?

I prefer Florida over new York solely for their tax rules, less crime and chances of shut downs are unlikely if we run into another pandemic.

Anyone have a recommendation for a lender that does 30 year term for a cash out refinance on a single family BRRRR in New York.  

Hi Robin, i am looking to buy in New York at the moment.

Purchase price: $760,000 Cash invested: $35,000 House-hacking a new construction two-family home in northern NJ just outside New York City.

Prebuilt agreements with plumbers, electricians, HVAC, roofers, siders, bigger restoration contractors on a referral fee basis for bigger ticket items. 

It is the State of New York law that Seller and the Buyer have to be represented by an attorney each side.

From my understanding, the landlord is required to foot the bill for some accommodations and are allowed to require the tenant to pay for structural modifications as well as require the tenant pay to have the property restored to original condition at the tenants expense.How would the guarantor being a company affect this?

I rent out a unit or two as they are ready, still with plans to move into the final unit once completed.Step Four:  Once the property is restored, I take out a HELOC/equity loan to pay the seller the remaining due (likely ~$100,000).Step Five: Property is renting, seller is paid, and rental income pays back the HELOC/equity loan + cash flow.This seems to be a twist on BRRRR that includes seller-financing to get started and a HELOC/equity loan used to pay the seller (balloon payment) instead of a mortgage.Am I missing anything?