@Jonathan MorningHouse hacking is living in a multifamily investment property (buy and hold, typically duplex, triplex, or fourplex) and renting out the other units to cover your mortgage costs while you get to live mortgage-free or very close to it.

I have also heard to do cozy along with quickbooks that way you are covered from an accounting perspective.ThanksJimmy

Between having minimal liability risk in my own personal activities, renting to only the very best tenants, having excellent independent tenant screening, long time property management relationships, adequate per property insurance coverage and tack on umbrella coverage as/if necessary, I am more than adequately covered.

It’s a top heavy industry meaning the top 10 percent make most of the money.Have you considered opening your own mechanic shop or simply switching employers?

If you're interested in reading more about how to find your niche finding leads and marketing for deals, I cover this specific topic in one of my books.

The statutes in New York State may vary, and you obviously, would be subject to whatever is covered by NY State Law. 

Will they also cover rentals?

This is to cover a single family home about an hour from the ocean.  

You need to add time tables, materials lists (to inclue sKU numbers), and a 3rd part inspection, as well as code inspections to that contract to make sure that you are covered. 

if they take the property and rent it out to cover the mortgage, you wont get foreclosed on, and they can keep the $20k equity in exchange for the fees...depending on the association it may be worth discussing.