Evan,Obviously depends on costs but this will be a rental that I plan on holding long term.

Finalizing terms now and will begin inspection period soon.

as long as you don't need the income to qualify for the primary loan, you're fine. 

Ask them for a copy of their purchase agreement and have it reviewed by attorney to see if the terms are acceptable to you.5.

Purchase price: $199,000 Cash invested: $40,000 Long term rental What made you interested in investing in this type of deal?

The specific location ( 4' * 6' long) is underneath a guest bedroom window in the front of the house. 

And, of course, check out financing options to ensure you're getting the best mortgage rates and terms for investment properties in the area.Best of luck with your search!

By the time I figure this out all offers on table will have been long since received probably, but since it's popped up twice in a row now, it's bound to pop up again.

They will know where the demarcation is for county vs city regs and zoning.The city of Ithaca seems to be considering regs - https://www.cityofithaca.org/770/Short-Term-Rental-ResourcesPlus it seems that it was passed in April - https://ithacavoice.org/2024/04/city-of-ithaca-short-term-re...

Still, where can you get that ROI on my funds in something relatively risk free as long as you buy right?