I think I can get a policy online with the other requirements, but this waiver seems to be more difficult to find.

These just happened to go beyond what we were able to visually see. 

Days on Market (DOM) since Q3 of last year.Single-family residence values continue rising and are selling for nearly 9% more than last year - National average for home sale price increases is 4% since last year per one of BP's most recent podcasts.Multifamily properties in Queens have sold for a median price nearly 6% above last year, jumping from $1,058,000 in Q3 '24 to $1,120,000 in 2024.Lastly, despite inventory increases, the # of sold properties has declined when compared to last year.

Here's the link to the IRS topic that John was referring to.

His warning to me is that once it starts to turn a profit, which most STRs do, I will have to pay Uncle Sam quite a bit.

At this point talking to the tenant is your best path unless you want to pursue an eviction. 

I want to avoid headaches that Class D brings.

I am new to real estate investing and have just started analyzing deals.

I’m thrilled to introduce myself!

The property has enough land to potentially subdivide and build another 2 units (maybe 3 to 4 depending on size).