Purchase price: $47,000 Cash invested: $7,000 Sale price: $85,000 This acquisition was especially sentimental to me because I have so many childhood memories on this street.

I secured my first duplex in Rochester and it is fully rented generating better than expected returns.

But for anyone who just has rental properties that they report on a 1040 tax return (not in a partnership), I would suggest considering rental property management software rather than general accounting software.  

What can you offer in return?

They make money on every step of the process, and there's a lot of incentive for them to exaggerate what your returns will be.

In neighborhoods on the West like Old Brooklyn, Clark Fulton, and West Boulevard, I have seen properties yielding 10% and higher cash-on-cash returns.

All of these things indicate the basic groundwork for an STR industry supported by local government, and we do expect future support to continueThe highest demand areas of the city can be found South of Veteran's Memorial Pkwy.

While $300K may not yield high returns in your market AND presumably limit you to smaller deals with less doors/units, the same amount could align you with a group of investors purchasing dozens of units elsewhere.

LLCs require additional filing fees and tax returns and just complicate things.

I tried in my market which is the 2nd biggest to New York, so pricing for ads was really high and the return was not great.