But it might make sense to work with folks who can offer more focused guidance on filling the knowledge gap you have.If you shoot me a DM, I can also ask around for more of 1:1 coaching opportunities. 

For example, if you’re into turnkey properties, how much cash flow do you need for a deal to make sense for you?

If you're pretty smart with this stuff, I think can definitely make sense for you two to talk with a tax planner.

This would reduce my monthly expense to $3,568, saving $144/month.Questions for the Community:Which of these options do you think makes the most sense for a long-term rental in NYC?

The "land basis" cannot be depreciated, so your depreciable portion will be lower than $350k.We typically consider $1 million in building basis as a rule of thumb where it makes sense to evaluate the potential benefits.

But there's no sense in complaining because it's not going to change.

Many people choose NOT to have this, because the administrator will then vet every investment you make to ensure you do not invalidate your IRA.Invalidating your IRA means that you've done a prohibited transaction and the entire account is then deemed as distributed to you.If you don't want checkbook control, then I recommend a plan administrator such as Equity Trust - www.trustetc.comIf you are sure that you're aware of all the rules around prohibited transactions and disqualified people (who you can and can't do business with), then a plan administrator like Sense Financial would be a good place to start talking.  

The idea is to convert a multi-family building into condos; but not in the traditional sense where you separate pre-existing apartments into their own condos; but in a way where you combine the common areas of all of the apartments in that whole building, and turn the individual rooms within those apartments into condos themselves; thus transforming the hallways, kitchens, bathrooms, living rooms, dining rooms, porches, balconies into common areas of the condos. 

That makes sense it seems much less competitive so easier to negotiate.

It might make the most sense to just sell your primary residence and use it as 40% to 50% down payment on your future home.