Hi Paul,The main risk with buying a wholesale property is that they're usually sold as-is with no contingencies.

I live in a costly area, and this is the main stoppage point of getting me to just jump in.

For that time frame it would not make sense to turn it into a STR as there won't be enough time to establish a history to attract good vacationers.

Main benefits to this strategy include:- Low down payment options (as low as 3-5%)- Acquisition experience- Property management experienceThe NYC metro area has nearly 2,000 available 2-4 unit listings on the market.Other new investors consider the BRRRR Strategy.All the best to you on your journey!

Your main concern should be whether these bedrooms and bathrooms on the lower level are legal and have the proper egress require for fire code and livability.

UPS box is more expensive, but can do more things such as used as a business entity's main address on record.

For investors focused on socially responsible projects, this balance can attract support from communities and municipalities.5.

I'd try to get a 6-month lease at a below-market rate to attract a tenant.

The problem is that they are not knowledgable enough to understand that the analysis is inaccurate, but start making investment decisions based on the analysis anyway.That is one of the main problems I wanted to solve with DealCheck by providing a tool that takes most of the guess work out of running analysis calculations and evaluating rentals/flips/wholesale deals that will satisfy 80%+ of investors out there.But going further, I think that tools like DealCheck are perfectly viable even for more experienced investors.

If the answer is "close enough," they move forward without much hesitation.While it's true that higher-quality tenants are easier to attract with nicer homes in better areas, I’ve managed C-class properties and had fantastic tenants.