Some folks might even add extra bits to their policy to make sure it fits their mid-term rental gig.

If you are planning on doing more deals in NYC, that is a different landscape for agents and not necessarily investor-agent friendly if you aren't going to do other deals.

Anyone know a contractor who will do work and get paid out of the proceeds of the sale of the property? Much thanks.

Plan is hold long term.

We plan to install a couple systems for ourselves and clients this week.

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.

Choose your plan based on your money goals, how much risk you can handle, looking into the market, and how long you plan to invest.

If you plan on only paying a portion of the private note off at refinance, you will want to make sure you do not record the note on title. 

The older and broken down the building is, the more you want to put away. 5% for repairs: Again, this will depend on the property condition, but I also reserve 5% for repairs because I have an old house.5% for lawn: If you plan to live in the area, I would just buy a used lawn mower for $100 and do it yourself.

I'd like to continue house hacking, but because I'm a real estate agent on 1099, I need a solid plan to generate more income to help with qualification.