Really appreciate some of the well formulated answers, thank you!

These are the iterations one goes through to formulate their strategy and assess risk.

I have no brand loyalty.I've tried Behr premium plus, Dunn Edwards, Valspar contractor grade paint, and I have a can of Glidden premium exterior I have yet to open.Of all the product lines I have in my garage, they all apply pretty much the same with a roller.Each brand of paint has different formulations.

Furthermore, while you operate on a larger scale, every practical step and concept you have mentioned can be formulated and materialized down for smaller businesses and newer investors to utilize in their space.

Ahmed,Congrats on formulating a plan to get into NYC real estate, I bought my first condo in Carroll Gardens Brooklyn when I was 23yo, and it was one of the best moves I ever made. 

@Luis Barrios I haven't done what you described, though it does sound great.I would only say, make sure the #s on the property also work as a regular (non-AirBnB) rental and that any extra profit from AirBnB is "gravy".I attended a meeting in Providence last October, after finding out about it through the Providence Apartment Association, and the meeting was run by a few folks from the city who were looking for community feedback in formulating new regulations for student rentals and AirBnB.While there were a few landlords present, I'd say the best phrase to describe most of the attendees was "angry mob" - virtually everyone present had negative things to say about student rentals and AirBnB.That's not to say you won't be able to make money with AirBnB for years to come.

So I don't know that the percentage discounted is too helpful as it relates to formulating a business model.A book I found helpful is "Foreclosure Investing for Dummies".

Finding deals, developing a scope of work, formulating your maximum offers, what % minimum profit to expect on each project, etc.All in all, an outstanding book with a ton of data and very well written.

Getting into REI, but I'm in the research, formulating phase and I'm looking for all the info I can get.

Once you know what he will need, formulate a plan and do it.