The property is 2 hours away, but it feels like I’d lose a lot of control.

I do have my limitations, but if the tenant is otherwise responsible, pays their rent on time and does not destroy my property, I can deal with the weed.

Closing Costs – Remember to factor in refi fees and how long you plan to hold the property to determine if refinancing will save you money overall.Since you mentioned owning the property for only a year, your equity might still be limited, impacting your options or leading to higher costs.

They are good for comparison of different assets and limited in telling you when, where, or how to invest.

You should secure that switch (or that area), so you can control who accesses it. 

He's absolutely right that using debt to control cash flow is also creating tax free cash for expansion.

However, with limited cash available, you’d need to ensure the return justifies the upfront expense.

The “Big deals” are…You have to buy something you don’t already own, not pay off debt, renovate a home you own, or build on land you already own.You have to spend all the “cash” you receive.You have spend more than your net selling price.You can never receive or have control of the cash, you need a QI PRIOR to selling. 

Given your residency limits, the high prices in NYC and surrounding areas are a challenge, but there are still options in neighborhoods further out within your allowed range, like parts of Queens, Brooklyn, and the Bronx.

By posting a notice, you maintain control while ensuring expectations are clear and legal.By the way, I don't recommend an exact 30-day notice and then dealing with prorated rent.