And if the past owner said they fixed it, ask for the engineering design and proof that it was professionally repaired and ask if there was a warranty.

It's not a single family with a garage situation.Well, the lease they renewed with me does not say that they have a designated parking spot in the garage.

In the event it's ever vacant it would take a huge amount of work to make it attractive. 

This is exactly why I posed this question, I keep finding instances where condos could prove to be an attractive first step into the STR world. 

Unless your property happens to already have the proper Zoning for a 3-Unit building, which is based on the Zoning designation and the size of your lot, then you would be very lucky! 

Tesla could be leaving its longtime Silicon Valley home for Austin, Texas, a city that has attracted a flood of tech companies and remote workers over the last year and a half.

Cap rates remain attractive in many of the outer boroughs while rates (temporarily) remain low - so there has really never been a better time "spread" wise.If you are looking for yield in the short run, NYC may not be for you.

@Chrissy Severance, if you want to continue and grow in investment real estate, I’d recommend you pursue the CCIM designation.

Newer investors are attracted to the cashflow, but they can come with their own set of challenges.  

I'm now trying to stay focused buying rentals as this is what attracted me to real estate investing in the first place.