I do not know his name, but the attorney told him I will probably be required by the buyers mortgage company to buy a Redemption Bond, at $10.00 per $1.000.00. 

Is he requiring the entire 58k now? 

Payoff amount is $20.7k.The borrower is high maintenance and his behavior pattern requires that I hire an attorney on an annual basis. 

The state of NY is now requiring LLC's to register their owners (to offset for the enormous issues we have here with deadbeat landlords).

The ADU will be positioned so that it will not encroach on the set back requirements of the pole lot at the rear of the property. 

To fix these types of things in some geographic areas may require fixing a lot of other less important things -- know the local building inspector's expectations.

Hypothetically if there was a website that would tell you about out of state areas to invest in (cutting your search time and energy required when researching new market) with confidence and connecting you with the right people to form a great trustworthy team to work with (eliminating the need of having to go to the property in person to take care of it), that would make you more comfortable investing in properties out of state? 

Rather than syndicating the equity as you're starting up, you might find a path forward in a JV structure with one of the emerging REPE groups that are already raising discretionary funds in this sector - Happy Camper Capital comes to mind - IF you find the right deals and combine them with a strong business plan + reasonable co-invest (typically 10% of the equity required - JV partner puts up the other 90%). 

These include fix & flip and DSCR rental program that don't require tax returns of W-2 jobs, but rather uses your credit and property income to qualify.

The premium for a LL policy is typically lower since it doesn't cover personal property.Always require tenants to show proof of renters insurance, this protects you as well.