Without the income tax benefit, it really starts to feel like any other market, especially when you're not there to handle things firsthand.

That is the benefit to the landlord, and the disadvantage to a month to month tenant... rent can be changed at any time.  

Live where you want and invest where the numbers make the most sense.The benefit of living in NYC is that you hopefully make a nice salary compared to others in the country.This gives you a competitive advantage when you want to buy properties in other parts of the country.If you are investing in NYC, you are not investing for the cash-flow but the potential appreciation.I used to live in NYC(now I am a digital nomad) and I decided to invest in Florida.

I’ll keep in mind the benefits of a standard fence for other parts of town.

Good property management can mitigate some risks and handle tenant issues more effectively.Ultimately, some investors are drawn to these markets because they see the unique long-term benefits as outweighing the challenges.

Instead, leaving the 30-year note on there and paying the difference towards principal will cut down the term of your loan, and you aren't forced to pay those higher payments.  15 year notes aren't as incentivized as they used to be either so the rate benefit is negligible.  

Real estate has so many tax benefits and credits available, that I always tell people it's crucial to have a CPA that's extremely knowledgeable in this area.

Trying to figure out the optimal strategy that will provide liability protection, proper estate transfer at death, and other strategies that can benefit their tax situation.I have my ideas, but want to consult with someone who has estate and tax planning experience in CA.

He'll discuss:Can Automation benefit small-medium portfoliosWhat Automation will do - and what's just hypeCost benefits and time savingsHow to shorten the learning curveHow the industry is changing - making Automation easier to useSpeakers Garrett Ham wears a lot of hats.

I think you could cash out refinance your condo with $90k equity since you would also get the benefit of a lower interest rate loan.Until I explored those two options, I wouldn't do anything with the last option.Good luck on your adventure!