First, take your client requirements for size, type, cost, location, etc. and develop a list of properties that fit. 

It’s crucial to ensure you’re compliant with your city’s requirements, including permits, taxes, and safety regulations.Ok - that was just a stab at it. 

Wow.Aren't you required to take depreciation too?

If you are going to tie up your capital on something this small as a TOH park you should require a higher CAP rate of 10-15%.  10% cap puts you at $77k; 15% puts you at 51k. 

It may be necessary to modify your renovation budget in light of local market prices.In conclusion, house hacking in NYC requires careful consideration and research.

The HOA told me they require a sound dampening rating of 67% for upstairs units, and I ended up getting CoreTec ProPlus which has a 57 STC (sound transmission control) rating (I had to call the manufacturer to get that info). 

Recent amendments require a local agency to impose an owner occupancy requirement as a condition of a homeowner receiving a ministerial lot split.

You're dealing with higher quality tenants and a property that'll force appreciate simply due to the area, but cash flow won't compete against the C communities.I find the Atlanta area to be solid, as well as major cities in Texas (maybe not Austin).

However, life can get complicated, and if you find yourself needing more time to gather your documents and complete your tax return, there's an option available: filing for an extension.Understanding the Extension ProcessTaxpayers who require extra time to file must submit a request for an extension by April 18.

We've seen deals fall out in Reno, NV on 8+ units because DSCR financing required 50%+ down.