When investing in real estate, having multiple exit strategies is key.For a single investment property, make sure the numbers work for both scenarios: 1️) If you decide to sell the home, the deal should produce a solid return. 2️) If you need to rent it out, the rental income should cover expenses and provide a profit.Flexibility is what saves you when things don’t turn out as planned.

This is something you can do in multiple cities.  

If done right, a well purchased flip will have multiple exits.

Recently got a complaint from the HOA that multiple people were coming in and out of the unit, I'm hoping this is a breech of lease and my attorney and I can get her out. 

Hey Tim, Thanks for your perspective.

Functionally, it operates as a 2-story home since the downstairs area has multiple windows in each room and plenty of natural light.

For a $1,500 SD, they would most likely ensure an amount close to $2,700.From my perspective, we should never move in a tenant who cannot afford their security deposit.

Not awful, just not what I was expecting.I would also say that with 1 property I would probably not use a PMS but it is definitely helpful when you have multiple properties.

That insurance lesson is gold, props to you for keeping perspective and having a solid team to help you navigate through it.

While I haven’t invested in NYC specifically, I can share a bit of perspective: For a 3-year timeline, buying can make sense if you’re confident in the market’s appreciation and can find a condo with flexibility for renting it out later.