This is one of those threads that I think is really a SET UP for some arguments among the B.P. membership.

During the open house, she makes herself available to answer questions and reinforces the CL ad in terms of 1) what the rental criteria is to be considered a qualified applicant; 2) that she, all things being equal, rents on a first-come, first-serve basis from among the pool of qualified applicants; and requires a check for the first month's rent plus security deposit at the time of application--most applicants of which complete the application on the spot.

They are somehow associated and both seem to encourage taking a cut of others deals through broker/wholesaler chains, among the new members, which I thought went out of style in the mid-2000’s.

I would expect it would sell for 70% of market value, and that the overbid would be split among the owners of record according to NY law, not sure of the details on NY law.

Don't know the complete situation or the length of your leases (which will dictate when you can do this), but you should place a monetary cap on utilities, apportioning the excess among the tenants.

Is the area becoming popular among the young and adventurous?

In a school of 200 teachers, I am among the top.

You can use the provisions of Section 121 to exclude profit on the sale of your primary residence from capital gains taxes, while the sale of the rental units is a taxable event.During your period of ownership, you decided not to simply depreciate the entire rental property (excluding land) over 27.5 years, but instead you segregated your rental units into different components and allocated your cost (depreciation basis) for the entire property among the 5 year property, the 15 year property and the 27.5 year property.

I can assure you that your letter will stand out as different among the others.Find a way to add to their life.

As with all types of real estate investing, there is a ton of variety among the turn-keys, some are "boots on the ground" meaning they and their team are very active in most or every aspect of the business model in that market.