Understanding its limits—and when a Registration Number is required—helps avoid delays and ensures your projects stay compliant with DOB regulations.By getting familiar with this process, contractors can better position themselves for success in New York City’s highly regulated construction environment.

To be thorough, I contacted the city to confirm if there were any rules limiting the number of vehicles someone could park on the street.

The main drawback is limited track record—the sponsors started in 2019 and have less than 10 years of direct real estate experience, with backgrounds in non-RE fields prior.Based on this, my current criteria for sponsors I’d consider investing with are:Focus on 1–2 regionsFocus on one asset classHave 10+ years of direct real estate investing experiencePrimarily dedicated to running investments (vs. running podcasts/courses/events)Appropriate amount of capital raised / projects going on in a given year.My question to the community:Are these the right criteria to evaluate sponsors, or am I missing key factors?

And note also that some states may have laws limiting residential leases to one year - but that doesn't mean you can't renew your tenants for an additional year.

I cannot look for 250k and above properties because that would be my limit. 

Each comes with tradeoffs.For example, an S-Corp may reduce self-employment tax, but you could lose out on certain deductions like the QBI deduction if you hit the phaseout limit .

Fortunately, all the misguided, politically motivated, unintended consequential, boneheaded, “protection” laws I know of (whether state or Federal) are applicable to homeowner residential only.  

Before I start spending time getting to know each application I was curious if there were any other owner/managers that had experience with an online platform they liked?

Assuming her background check / application / contract all check out - any advice, caution you'd offer? 

When 2% was no longer applicable, it turned into the 1% rule maybe 8 years ago.Now, the 'general rule' is that you may need to put down 40% to make it cash-flowBest of luck!