I would suggest looking at Furnished Finder (https://www.furnishedfinder.com/housing/New-York/New-York) to see what type of MTRs are listed in you area as well as Airbnb and VRBO for 30+ day stays.

Curious if anyone has thoughts or experience in this type of situation. 

I'd suggest starting by consulting with a local builder or developer who has experience in this type of project.

During Covid  other loan types got modification deals, not so much with VA loans.Department of Veterans Affairs is going to review every file with one late payment and check the deed, check the fire insurance.

Hello, I’m looking to buy a STR property with a loan and I’m wondering about advice for the type of loan.

Purchase price: $3,000,000 Cash invested: $500,000 this was a value add deal What made you interested in investing in this type of deal?

Since you will be at the property doing the majority of the work, I would hire multiple professionals for the different types of work.

Ideally just have them do it for you! 

I was eager to get my first house and was looking in Frankford last year with the funds that I had but the area was not ideal. 

I would start with narrowing down a location and property type and then making sure you are connected with a lender so you are running your numbers with accurate data.