Although I don't personally like the trends, they were supported the City of BBL's October Compliance & Occupancy Data, which provided the following:1 - The occupancy rate for October was 38%, which compares to 55% prior year; 2 - Average nightly revenue dropped by 36% on a year-over-year basis; and3 - Demand decreased by 22% on a year-over-year basis, while SUPPLY ALSO INCREASED by 13%!

Keeping receipts and a log of these expenses will help support your deductions during tax time.

As mentioned this means the property can support itself and wont put me in a situation where I can cover debt, operating expenses or capital expenses.Annualized Return if Sold at the Five-Year Mark:This metric offers a comprehensive view of investment performance, blending both cash flow and equity.

It supports "The American Dream" in my opinion.  

I had inspector in examining a new bathroom which had new electrical in support of the bathroom.  

I agree, people need to realize this is just a form of leverage and going at it 100% is ok as long as you have the income to support it.

If Planning does determine the existence of your ground floor unit, it will require you to legalize the unit through the existing Planning code process assuming zoning supports the third unit OR using the new ADU program making your fast track condo conversion a passing dream.With regards, to some of your latter comments and questions:1) Any un-permitted work (including corrections) is not a good idea as a quick compliant from a neighbor can bring an inspector knocking on your door with a NOV especially in the current environment where everyone is SIP.2) Legalizing existing constructed spaces can be hit and miss based on the inspector you get.

I know my goals align with trying to build generational wealth for my family and trying to create my own real estate business that helps support my family/friends in whatever goals they want to accomplish.

The technical support is second to none. 

Being personable, honest, someone that people want to support, but also trustworthy enough to have them part with their money.Remember, real estate syndication and multifamily operations is buying a business.