Check with the local regulations on permits and what is required.

Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises... 

Quote from @Mo Karim: With every increasing regulations on short term rentals, midterm rentals is becoming more popular with investors. 

I would work with/or establish a team that knows that market well so that I could make a good business decision.

Hey Sam, I think you need to first  establish what it is you are looking to accomplish and then present it to a lender accordingly.

The section continues, “… Bed and Breakfast establishments, boarding homes, dormitories or multiple units, or any other similar lodging arrangements are specifically prohibited.”Section 3 – Commercial Use – states, “…no part of a Lot or Dwelling shall be used or caused to be used or allowed or authorized in any way, directly or indirectly, for any business, commercial, manufacturing, mercantile, storing, vending, or other such nonresidential purposes…”.

These regulations are basically trying to prevent all unsolicited calls and text messages to people with whom you don't have a prior business relationship or permission to contact.

Instead, I have established a donor advised fund (DAF) for charitable giving during and after my death. 

Yes, this was a regulation passed recently in Cleveland, all rental properties must be lead certified.

Established borrowers are not paying interest of loans that have matured and WE the investors have our money stuck doing nothing.