An Air BNB COULD be active and subject to SE- however it really needs to be fully operating like a hotel, offering much more in terms of services than what most offer.

See here a couple diagrams to help you in this quest:Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2

Hey Lisa, it sounds like you are in a bad position in terms of cash.

A 1031 exchange is a great option, but only under certain conditions if you end up making money.If the property is performing poorly, it makes sense to sell and put your funds elsewhere, unless you have a buy and hold strategy and you are okay with riding things out for a bit.Single family home rentals aren't what they used to be in terms of profitability.

In terms of screening the rental manager should be able to run their credit.

While house hacking can offer immediate benefits in terms of offsetting housing costs, it's crucial to also think about long-term goals and how this investment fits into your overall wealth-building and real estate portfolio growth strategies.Good luck!

NOI is low compared to where they want to be in terms of purchase price and NOI does not justify the price.

Its also more cost efficient compared to NY in terms of fee's and overall costs to set up LLC.When I set my LLC up in Fl it took literally 15 minutes and you will need to get your Tax ID/IEN set up so you can get your business checking account set up with a local FL bank. 

I firmly believe that things are definitely changing in terms of a technological and media landscape - if you are able to be consistent and quality in terms of short form video social media digital marketing - I think this is the best path forward to really carve out some success

Hi Aliya, Look for recently sold properties that are similar to the subject property in terms of size, condition, location, and features.