Str has elusion that it's money maker or break even, great to highlight the fact that break even most likely comes with no mortgage and even then hope you don't have any capital improvements that are needed. we work our strs the same way 

If you find discrepancies, provide evidence to support corrections.Document Improvements and Depreciation: Highlight any improvements you've made to the property since the last assessment.

Much of their food would spoil and they'd be hungry, and most people don't have a proper stock of food and what do you think people will do when they're really, really hungry?

I would recommend highlighting a specific area and then getting in touch with the local REI group.

(Food for thought)10% for Cap Ex & 5% for maintenance sounds fair and consistent with many BP suggestions.If it is value add and you do renovations, then hopefully your place will be "like new" and won't have many of those repairs/maintenance/cap ex issues early on. 

Love living here as well, big city but has a lot of small town touches, Theme Parkes, historic attractions, military bases, great food, and friendly residents.

Not only that, but in my case, where I am a builder-owner until my license is approved, its ridiculous dealing with 'hiring' anyone to 'help' in this state so I've resolved with my trustworthy neighbor to paint it together and all i owe him is some beer and food.

Plus, you can build a network of trusted local contractors for maintenance and repairs down the line.Hello @Simon Ashbaugh Thanks for highlighting the benefits of rental properties and valuable advice!

Get rid of them ASAP.I'd talk to the city and ask them politely how you are to get rid of the smell from the fridge when it is filled with the tenant's food which is causing the smell. 

Jamaica, Queens Village, Ozone Park, other parts of Southeast Queens, East New York, Canarsie, East Flatbush, Flatbush, other parts of Eastern Brooklyn.The areas that fall somewhere in between are: Ridgewood, Maspeth, Woodhaven, Glendale, Richmond Hill, Bushwick, Bed-Stuy, and a few others.I'd be curious to know where you're searching for properties as most of these areas highlighted above are well over the $600K range.