As for holding properties under an LLC, there are definitely pros and cons—it can offer liability protection and tax benefits, but it also comes with additional costs and paperwork, so it really depends on your goals and risk tolerance. 

Unfortunately, NY does not offer many local STR companies due to the regulations that make STR hosting difficult. 

good area to buy. would love to discuss if you are looking for financing options

Find a reliable team, offer fair pay, and keep them motivated to stick with you for future projects.That’s what I have off the top of my head.

But there’s another option that’s often overlooked: mortgage recasting.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

So a loss of about 55k We did a lease to own option so I could immediately take over expenses but keep their primary resident loan and interest rate.We agreed to a deal which would cover all their expenses at closing, their remaining loan balance, and $45,000.

But I think the better option is tenant pay for it, that way they will know it may go against them for not paying rent..

Sellers have emotions, fears, and motivations—figure out what they need and structure your offer accordingly.4️⃣ YOU’RE FOCUSED ON THE WRONG THINGSIf you’re only thinking about your check, sellers will feel it—and they’ll shut down.Instead of worrying about your assignment fee, focus on solving the seller’s problem.✅ Are they facing foreclosure?

I've read a few books on real estate and something the majority of them had in common was the BP community so I would like to see what it has to offer