This let me go through all the problems in the home and estimate costs without entering.The rest of the process that established my maximum bid amount was pretty conventional.

I would absolutely recommend it to more established investors with higher liquidity positions. 

Not sure if I'm looking for a financial advisor?

Trevor Scott I would strongly suggest you establishing a Corporate Entity such as a S Corp or a LLC.

If none of these are what you are looking for, you could always invest in REITS but the returns are not fixed and most certainly lower (at least in my experience) - Disclaimer here: our legal form had done his Private Placement Memorandum and have clients who have invested in MIGSIF - neither I nor the legal firm get any compensation if anyone invests with the above mentioned funds and I am NOT Registered Investment Advisors 

It seems like there's a community of people from NYC that are looking for affordable places to find a second home, and Bard College up by Rhinebeck supplies art graduates that like the lower prices of Kingston to establish themselves after art school.  

In order to become a hard money lender, you will need to do the following:1) Access to Money2) High Risk and High Reward3) Establish a Business4) Get the Word Out

But then you could choose to rent month-to-month (allows for greater flexibility) or enter into another long-term lease (locks you and the tenant in for a specific period).Raising the rent immediately after you buy will make establishing a good relationship with your tenants harder.

Others are builders or developers that can get some economy of scale going, same for established flippers.IMO, for one-off new construction, leave it to the pros.

Would love to connect, meet up (in person or zoom), maybe even establish a mentor or two to continue to grow.