The last lender I’ve tried to get a pre-approval had a, imo, patronizing response saying,”Although lots of people talk on social media about buying a three or four unit property with only 3.5% down in practice it almost never works.”All lenders who I’ve tried to give a pre-approval for has tried to sway me to switch to a 5% conventional instead.

Providing a starter supply of items like laundry detergent, dryer sheets, and toiletries is common practice and works well for short stays.

This forum is pretty open and people often share their knowledge and best practices, hence don't hesitate to ask any questions you want :) Good luck with your business!

Here is a video that runs down the basics - https://s-media.nyc.gov/agencies/specialenforcement/01-Legal...There is also a prohibited building list - https://www.nyc.gov/site/specialenforcement/registration-law...Here are some more info overall - https://www.nyc.gov/site/specialenforcement/registration-law..All of this makes STRs in the city pretty tough but it certainly not impossible.

Competition remains strong but it doesn't mean your goal is impossible to reach.

Drawing from my experience delivering over 550 investment properties, I can say with certainty that self-management isn't practical for most investors.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

All well and good to dream big, but you need to understand the practicalities and probabilities of getting the deal to closing. 

Quote from @Chris Morris: Wholesalers in Detroit are making it nearly impossible to find good deals.

To live multiple states away and run a string of successful C-class long-distance BRRRRs anywhere in the Rust Belt is practically impossible.