I’ve learned through me other ventures that it’s all about systems and processes.

It's a joint venture with a few partners with one partner handling the bulk of the workload when it comes to upgrades on the interior and exterior upgrades necessary.   

I am installing WiFi controllers for both thermostats so I can monitor and also purchase a cheap wall unit for their bedroom.

@Nicholas Ludwiczak -- sounds like an OK trade off, as you're in control of that path!

@Susan Maneck - Yes, eliminating your rent can be a huge form of "yield", living in your property gives you huge tax incentives upon sale and in New York you would rather avoid anything over 4 units due to rent control and rent stabilization complexities as a newbie investor.

I’ve never ventured in this realm and despite trusting one another, we want to protect ourselves financially.Thanks in advance!

The last thing they want to do is step in and have to take control.

Here there,Looking to venture into RES business and am I would love to explore Miami market.

It doesn't so much differentiate by bank but rather a given bank's level of confidence in you or your capital group's ability to stay afloat in your investment venture and continue to service the loan if unforeseen problems come along. 

I think we’ll see some housing policy reaction to this (rent control, removal of occupancy limits to create more beds for people to legally sleep in).