I wanted to know which high in demand areas on Long Island would be best to purchase a house with the intent to keep one of the units rented out as an Airbnb.

I have a long time renter (13 years) who has no intentions of leaving.

Mind you, I have no intention of becoming a broker, but along the lines of his flips funding his rentals. 

Under C.R.S. 18-8-306 - Any person who attempts to influence any public servant by means of deceit or by threat of violence or economic reprisal against any person or property, with the intent thereby to alter or affect the public servant's decision, vote, opinion, or action concerning any matter which is to be considered or performed by him or the agency or body of which he is a member, commits a class 4 felony.I agree, “a legal investment is a better long -term investment!”

And to be eligible for 1031 treatment you must have created that real estate with the intent of holding it for investment use. 

@Kenny Kamdoum you have the right intentions but not necessarily the right mindset.

Traditionally, on commercial properties you will submit a letter of intent (LOI) with your terms spelt out and the seller with agree or come back with changes.

Unless someone was intentionally being fraudulent (and you can prove it), there’s unfortunately not much you can do with that.

Step 1, Buy a large single family with the intention of doing some SERIOUS HOUSE HACKING ie: rent rooms in the house for extra income.

I've been trying to be intentional with sticking to a specific market that I've been researching.