@Truong Vu You have some valid concerns, but most investments, whether for your personal use or long term holding property is usually about leveraging what you have.

There are 4 to 5 houses on this private drive way which is paved like a street but is not maintained by the city and most if not all of these houses belong to family members in the estate.I have to concerns about buying this property and please fill me in on your thoughts and opinions.  1. 

If you’re concerned about the cash income, you could consider additional safeguards, like a higher security deposit or using a guarantor.

Mostly messaging with guests regarding issues, questions, concerns, as well as coordinating repairs and restocking supplies. 

FHA loans will have permanent mortgage insurance unless you put down 10%, at which case the mortgage insurance can be cancelled after 11 years.

However I just received a very concerning letter from the Fire Marshall Office saying I need to provide a notarized letter within 5 days stating I will not have more than 12 occupants in the cabin until I change the Certificate of Occupancy which would be devastating to my bookings.  

He needs referrals to mortgage brokers for construction to permanent lending in NY.

I focused on construction to permanent loans on site built, manufactured, and modular homes.

So it can be something to be concerned about. 

Just buying a distressed home, renovating and refinancing it to recoup costs that can be used for future investments, then living in it permanently?