Renting the basement as is could work, but keep in mind that unfinished spaces with limited access to kitchen and bathroom might limit how much you can charge and the type of tenant you attract.

Tuscaloosa is a great example—you can find affordable properties, but if zoning doesn’t allow STRs, your exit options are limited.

I’d love to hear how you’re balancing flips and rentals while keeping momentum.Great question—DSCR loans have definitely become a go-to for a lot of investors who want to scale past the limits of conventional financing, especially when shifting from flips into long-term holds.

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.

Meanwhile, 'hybrid investor-agents' (brokers who actively invest in real estate themselves) lack professional tools to efficiently manage both their personal portfolio and investor clients - which limits their ability to truly understand and serve investor needs at scale."

Not wanting to be responsible for them has two possible outcomes you should be mindful of:(1)  In locations where in-unit W/D's are an expected amenity you limit your prospective tenant pool leaving you with the least desirable candidates. (2) You conscientiously seek out properties in locations where the W/D are not expected.  

In certain situations additional lien on credit and excessive trade lines can cause future DTI issues, lower scores and denials on future loans.The rates our lower on mortgages versus Heloc right now and the terms are longer for example 30 year mortgage versus a 8-10 year Heloc and most carry prepayment penalties so if you want to pay it off early they can hit you with a prepay penalty of 6% or higher.Refinance allows you to have cash in hand and avoid the scary "What if" factor meaning loss job, lost income, late payment, over leveraged and if any of these things happen your credit limit gets reduced and in most cases closed completely.

Bidding must be limited to $100.00 increments or multiples there of.2.

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?

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.