Hi BP community,My wife and I currently live in Brooklyn, NY and are potentially looking for a summer home / other season Airbnb rental up in the Hudson valley (max ~2 hours from the city).

@Angeline Rebottaro Just make sure whatever hot tub you buy has enough insulation for the area of your rental.

The answer to this, as well as the potential current value of your father's home will determine what options you have.

I understand that we made a mistake by not checking the covenants of the main HOA, but mainly went with the sub-HOA rules which don't mention anything around multiple properties for lease.Property A's lease expires end of this month and I have a tenant lined up to start a new lease term from 2/1 and Property B's lease expires in April and the current tenant is a long term one and would like to renew for two years.My preference to at least keep both of them through next January and potentially sell or transfer Property B to my son who is graduating in May and have a full time offer in hand. 

Also, you didn't mention a lot of the basic data that most sophisticated investors would be looking at, when evaluating the potential risks of a new deal.

I would not rely on the agent's contractor and their numbers but maybe you or they picked up on potential problems that were overlooked. 

It had a LOT of value add potential, so we pulled the trigger.

At the end of the process I would like to end up with a good understanding of the questions that need to be answered to potential foreign investors.

If you want to expand in this market, we currently have 6 properties available with amazing potential.

I have been analyzing deals for quite some time now and would like to learn more on the commercial loan process for potential deals.