Practice analyzing deals, explore surrounding markets if NYC feels too competitive, and stay persistent, closing your first deal takes time but is well worth the effort.Good luck!

I would probably take the risk at $500, but $1k feels more of a ripoff like most guru programs. don't waste your time if they don't meet your criteria there is ZERO chance they will meet this guys.. remember they make their money with you folks dreaming of making money and paying for the dream.. 

Post on local Facebook pages for contractor referrals, go to local REIAs, and ask your potential agents and PMs (even if not using a PM at first...you may at some point).There is only so much that service providers can do and many of them are far from "experts"; so, be prepared to be your own expert at being willing to figure stuff out as you move forward.

I'm going to follow this to see what tips folks provide.MikeHey Mike, I am actively investing there so feel free to reach out with any questions!   

I am very much an expert on Hoboken and Weehawken.

Quote from @Andrea Wellman: Would like to invest in short term rentals to start and learn from this forum and experts.  

I feel quite intimidated only seeing people with large followings and MULTIPLE properties.

I feel very strong on this one!!!  

Trying to make it where there is a lot of data, easy to use, and have a lot of articles written by local experts.

If you need any help or have any questions, feel free to reach out!