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.

@Ben HaackeTownhome is more attractive to renters than apartment style, but you also have a bigger roof and basement to manage.

Depends on your situation which would work out best.On the selling side, again you have two main options, list for $1M with a listing commission % (of whatever you choose) and still offer selling agent commission as standard for your area, or option 2, list with no list commission and lower your price by the commission amount it would have been to attract more buyers at a "lower list price".I have done both and it was all situation dependent.

Non-QM - The loans are designed for investors.