You'll want to stretch yourself, but not get in over your head.

But once I got the bills, I increased the rent with the tenant's approval and signed an addendum to the lease stating the rent increase would be X and the owner would take over utilities.

I actually just did a live stream yesterday on my channel (youtube.com/@brady_morgan) that went over this exactly.

Not gonna put it over the carpet. 

.💰 Lease Duration: 3-12 months🎯 Ideal Tenants: Young professionals, digital nomads, students📈 Revenue Potential: +23.2% per sq. ft. over Class A studio rents✅ Pros:✔ Higher rental income than traditional leases✔ Demand is growing due to affordability & flexibility✔ Lower vacancy risk with built-in roommate replacement❌ Cons:✘ Regulatory hurdles in some cities✘ Higher tenant turnover than LTRs✘ Requires active management & community building🔥 Investor Insight:Co-living is an undervalued niche with major growth potential, but you need the right location and strong operational management to succeed.2️⃣ Long-Term Rentals (LTR): The Classic Buy & Hold Strategy📌 What It Is:LTRs are traditional leases (12+ months) where tenants rent an entire unit.

If you wanna come over and pick our Fields and build our  houses you’re more than welcome to come over.

I believe they will continue to respond to all notices where they are required to do so.

If you hire a PM, your financial account structure can be simpler.If you plan to continue purchasing rentals, I like some key accounts at the "management" level (income, opex, tax, owncp, reserve) and only have 1 checking account per property to prevent having 100 accounts and unnecessary complexity.

We need the cash to mostly just tie us over untill we sell the property, so 150,000 is on the upper end; 80,000 and above would probably be sufficient. 

After seeing my brother's success with flix and flip in the bay area over the last 4 years, I decided to explore the same in New York.