How long did it take for you to close your first transaction??  

.🚨 Red Flag:❌ Selling before violations are cleared – Buyers will demand price reductions or walk away if the property isn’t compliant.Step 6: Refinance or Sell at a Higher Value 💰With all violations cleared and the building fully compliant, you now have several exit strategies:✅ Refinance at a Higher Appraisal – Now that the property meets code, banks will lend at better terms.✅ Sell to Institutional Buyers – Investors avoid buildings with compliance issues, so fixing violations expands the buyer pool.✅ Increase Rents & Stabilize Cash Flow – If units were previously illegal or vacant due to violations, now they can be leased legally.📌 Pro Tip:Properties that were once “unsellable” become prime investment opportunities once violations are cleared.Is Investing in NYC Multifamily Properties with Violations Worth It?

How long have you been an Agent, and what seems to be the first investment you would want to tackle and why? 

@Scott Trench - have you considered investing in short term rentals, materially participating, and having the average stay be less than 7 days?

I am going to keep the LLC regardless because it helps me to stay more organized in terms of bookkeeping, having separate accounts for business expenses etcI am sorry if my explanation is confusing, its all clear as mudThank you to all who take time to respond

Balloon terms 3/5/7 years. 

The technical term is Sound Transmission Class. 

It's always a bit of a balancing act, but it’s critical to follow the lease terms and local laws.Have you looked into professional cleaners who specialize in post-smoking cleanup?

Long story short, in most cases the lender can convert your line on a whim if they really want to, meaning you would lose access to the undrawn funds.

I've never heard of Kin, but I too am in the market for short term rental insurance.