I've searched around and found some great insight on SELLER FINANCING, but I'd like to see if I can dig a bit deeper...My hypothetic deal: Seller is asking $250K for his turnkey 6plex.Gross income is $36,600yrI've yet to get an answer as to why the seller is open to selling, I replied to a for rent craigslist ad just asking if the owner might be open to selling the building?

I found this thread to be very insightful - https://www.quora.com/What-tools-do-you-use-to-manage-your-Airbnb-properties

I would appreciated if one of expert had this kind of experience.Thank you

@Raul R.I am not an expert in short-term rental rules in NYC.My understanding is that it can only be deemed legal if the host does it in an apartment that is deemed commercial and below 4 stories.With that - I take it that anyone doing a STR in a building 4 stories or more is illegal.Furthermore - people who are doing a STR in a building 4 stories or less where the building is not deemed commercial - then it is illegal.A lot of people are playing outside those white lines.

I’m not an expert but this could be a lease option play.

@Leon Li Thank you for that insight.

Any insight would be appreciated.

@Dave Foster nice to find a 1031 exchange expert on these forums! 

Thanks for the insight everyone.

Thank you for your Insight!