Now 10 months later the building has doubled in value with proper maintenance and management.

Here's a small tidbit for you - if you want an "average investor" podcast, check out "The Rental Income Podcast with Dan Lane." 

However, you should really check what is your actual tax liability. 

Ok - thank you so much for confirming the gut check, colleagues!  

Have a prototype and want to check if it is helpful or not.

I always recommend checking out Furnished Finder Traveler Search ( https://www.furnishedfinder.com/housing/New-York/New-York) and Airbnb/VRBO for 30+ day stays to confirm what is out there. 

I also live here so I can do a renovation, check on the property multiple times a week, screen and meet the tenants in person.

That property basically doubled in value over the two years.

The underwriting may involve a credit check on the primary borrower, others do not but may require a personal guarantee signed by members of the business entity borrower. 

When I moved her in to a duplex with a yard at a 'susidized rate' when the new corporate LL doubled her rent, she didn't own a lawnmower or tool box.