Hello members, I am a first time investor recently moved back to Michigan, my focus was primary residents and after moving back, I had to rent my previous house out in New York which is producing some good income.

My question is can she qualify for a first time home buyer in Upsate New York? 

Since you're in NY & a 1st time home buyer, check out New York State's First Time Homebuyer Programs at https://hcr.ny.gov/sonymaThere are several programs, different criteria, if you need any recommendations for mortgage professionals feel free to message me

I am licensed as a broker in two states and in NY I was able to waive into my license with a current attorney bar card so you might want to check on that as well.If your eye is to working with investors and management, look up Chantal Duame at Good Neighbor Realty.

Some hot areas are Jersey City, Newark, North Bergen, Guttenberg, West New York.

I offer STR property management services for anywhere in the country, except California and New York states.  

I am in New York. 

What's relatively new is the tech that has exposed the str opportunity to every sfr and lowered the bar to entry.

I look at this and ok you overpay and are paying down $7200/year in principal You take 3 years to break even but it’s really 6 years because of selling costs on a property.I would not assume appreciation in homes with reports showing average pay increase of 3% and average prices increasing 5% (new York fed latest q1 release) and debts are at all time highs.Original poster better not get into a cash crunch as if they do they will be in bankruptcy in a New York minute.

I've started the same business 4 times (sold twice, failed twice), and for the first 3 it was a work all day cold calling and spend all night bar tending and waiting tables during the first year or two.