As for statistics on wrongful imprisonment, a quick search comes up with numerous sources in the 2%-5% range.

Backup Withholding: If a contractor fails to provide a TIN or gives you an incorrect TIN, you may be required to withhold a percentage of their payment for federal taxes (known as backup withholding) and remit it to the IRS.Following these steps will ensure you are in compliance with IRS regulations and avoid potential penalties.

And STR is much more involved with high turnover rates so you’ll not only need to post the listing but know how to keep it competitive so that you maximize bookings, of course, furnishing it, keeping supplies, restocked, cleaning, maintenance, And what about consideration to any local STR rules and regulations?  

Contact numerous lenders, prepare financial paperwork, and acquire a mortgage pre-approval letter.

Not only are Queens and Brooklyn the busiest Counties in terms of activity (new listings), but they also have some of the most competitive investors in our market.Properties are selling for 8.5% more than they were in 2023, showing us just how desirable the borough is.With its proximity to NYC, numerous public transportation options, and overall vibe and attraction, it is no wonder why the popularity has been reflected in the buy-and-hold rental market.

Have you gone to the state, county and/or city websites to search for any STR rules or regulations?

I’ve sent numerous emails with proof of things to her and her team requesting all my funds.

However, randomly contacting numerous professionals from a list is inefficient and wastes both your time and theirs.

Any regulations, limitations, or potential that you have uncovered and would feel comfortable sharing about.

Entire industries have left the state due to inept state and local regulators.