:)Financing for FHA and VA  will evolve to address their issues. 

I am not going to charge them for labor to replace the cabinets.How do NYC landlord/tenant laws deal with this issue?

imho the 121 and 1031 are two of the best features of the tax law benefitting real estate owners. 

While the IRS allows this, it is a taxable issue.

If so, that will be an issue, unless there is a specific bank loan that keeps the note in their portfolio and is okay with the condo being non-warrantable.

I just looked up the Sacramento STR laws and it appears to be accessory use only, meaning you can rent out a room (house hack) or ADU, but you must be a primary resident of the property and prove it. 

They are incredibly understaffed and will view this as a civil issue. 

However, as first-time and inexperienced homebuyers, we overlooked critical issues during the initial inspection.

As others have mentioned, if you can commit to using the property solely as an investment and won't occupy it yourself at any point in time, DSCR will allow you get around the DTI/employment/income issues.

For an example of what I'm concerned with :  My tenants are actually really good, but right now I have an issue where a friend of a tenant literally just drops trash out the window!!!