From my experience, attending local meetups, lending-specific events, and networking with experienced investors can open doors.

if yes then you got the answer, an appraiser will never come in with the proper value of A turnkey, because they rely on local comps even though those comps need much work and the principal is already done and cash flowing.2- These turnkey sellers usually purchase there properties for far below market value, if this is the case the appraiser might appraise for A lower amount due to the previous sale on the property.I don't know what turnkey seller specifically you are talking about of, but if their customers are happy then you got your answer, if their customers claim they were ripped of then you got the answer as well.

Be sure to consult with your CPA to determine if you can utilize these deductions based on your specific tax situation.

I mostly agree with Huong, but in specific cases, a small negative cash flow is not the end of the world.

By focusing your efforts on a specific area, you’ll be able to learn all the nuances and make more informed decisions.Best of luck with your investment journey!

Are there specific advantages or potential pitfalls I should consider when structuring these activities through my LLC?

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.

Have some real estate under my belt but looking into Short term rentals opposed to long term rentals.Wondering if there is a stand out book to read to gain understanding for Australian Short Term rental market/AIRBNB.Also if there is a specific group for Australians and short term rentals for Australian market/Australian tax system etc, do point me to that.Rod

It even specifically states (in the fed cares act) "no eviction allowed for non payment" - which clearly proves they know the tenant will not pay you and are forcefully requiring that you shoulder the burden of paying for that tenant to live in your property.

I mean in general what sort of expert should I try finding first, but if someone has specific people in mind who deal with the UP that works for me too.