Would I rather own an AirBNB in Galveston for the next five years where a permit currently costs $250 a year and a correctly bought deal can still perform exceptionally, or in NYC where I can no longer operate now and for the foreseeable future?

As far taking a $1K loss a month, maybe talk to different prop mgmt companies to see if you can get a better deal or if your property needs any upgrades that you can perform in order to ask for a better or higher rent, something to consider.

So, they think it's done and high-performing and you think it needs a complete makeover so you would be paying up to renovate.

But the buyer and his lender were not going to perform in time of the 30 day contract as they promised initially.

As long as the agent is performing the uniform duties listed in an exclusive right-to-buy listing contract (5.1.6.

Turnkey operators don't work like that and they are more like a broker collecting a fee for their work (regardless of the long-term performance).

For instance, if a sponsor’s in-house PM charges 4% when the market rate is 2.5-3%, you need to assess whether those additional costs are justified by superior performance or could erode your returns.Ultimately, it's not just about the numbers or the spin—it’s about the expertise and judgment of the capital allocator.

Then, they blame everyone, but their own lack of research, for property/tenant performance not being what they came up with on paper:(

They want to know about the performance of the in house property management and may be able to offer a solution.

If given a choice between one paid-in-full property and two identical properties with 50% leverage, the latter will always out perform in the long run.