I'm scared to purchase a second home but we have the funds to do so Do it!

But it’s crucial to double-check NYC’s rental regulations to make sure you’re in the clear.

It doesn't necessarily hurt resale here although you have to know that you're going to be required to carry flood insurance which obviously can skew some numbers.

Only other initial question I'll leave here is that I'm looking for REI mentors and hope to find a few on BP willing to share a few gold nuggets to those willing to slog it out in the mines the smart or hard way.

West Palm Beach rental demand is about to rise - what do you think?

I also provide small shampoo's and conditioners that I get in bulk from Amazon.It is hard to beat either for these kinds of supplies, even if you get a wholesaler to sell to you.

At death, the property gets a stepped up basis.  

@Stacy A Stewart Welcome to BP.

Quote from @Alex Spivey: I want to start renting as soon as I can so does anyone have adviceYou want to find a place to rent and occupy, or you want to buy an investment that you can rent to others?

For example, if a seller comes to you, looking for you to help them sell their house, your first responsibility is to help them get the most money for their house, and not try to buy their house as an investor for cheaper.