So I would say that my greatest success thus far has been that I have had very little trouble in the way of finding tenants/vacancy. 3 of us lived together in a house we rented previously so the transition to buying made alot of sense. 

The tenant collecting social security has 3 cats (the apartment looked to be in pretty good shape even with the cats the couple times I have been in).What process do you recommend I follow to transition them from having no lease and no security deposit to raising their rent ~$300/month, getting them into a lease (monthly or yearly?)

Recently I've been hearing a lot of about transitioning certain rental properties to short-term rentals (i.e. airbnb)I was wondering if anyone has had any experience doing this and how it's going?

Location- is important to attract tenants (i.e. good for commuting, close to cafes/restos/grocery stores/offices, public transit options nearby, etc) and also determines the types of tenants you'll get. 4.

Just get a reducer transition that matches the vinyl floor.

Purchasing properties close to NYC direct transit hubs works well if done right.

I would be happy to assist you and the family in your transition and acquisition of investment properties.

@Edward Webb, congrats on the success in the Navy and on the decision to transition. 

Long story hopefully not so long, my husband is a dentist in the Army and is transitioning out of the military this year.

It may save you a headache regarding transition with the tenant.