In NYC the demand is lower in the winter but the supply is also lower so apartments rent fairly quickly still (typically within a few weeks).

Can you please share why or why not and how the performance played out over a longer period of time?

Unfortunately it’s very probable you will be responsible for this unless there is a statute of limitations in your state which could come into play.

Any hurdles or was it fairly straight forward?

Fair point, I really don't want to bear the burden honestly.

The other options you are playing with fire as using a HELOC that is paying interest is essentially buying with 100% financing.Having no skin in the game has always been a high risk strategy and people were able to get away with it the past few years due to the money supply and inflation but I would not use that as the measuring stick.

If you're playing Poker, and you have put a lot of chips in the pot, but your hand hasn't improved enough from all the draws, what do you do?

I think with Boise in particular, and the pacific Northwest in general, positive cashflow is difficult to achieve, especially for an out of state investor since the market is so competitive.Even with boots on the ground, cash flowing properties seem to be a unicorn even when purchasing for 70 cents on the dollar.One opportunity for cashflow in Boise is the ADU play -- new regulations make it more conducive and returns can be 10%+ cash on cash for a property in the right neighborhood.- Kole

Ron Rowan’s local insights helped us approach the seller with a fair offer of $160,000.

Hello,A job relocation to San Francisco CA early this year is making me ponder if I should be selling my owner occupied duplex in Jersey City and buy something in Berkeley CA due to its proximity to San Francisco and has some fairly decent schools  for my kids and also UC Berkeley .The low  2.5% interest rate on the Jersey City property turned into a golden chain but I think I am done with managing tenants and property and would like to get more into an Equity play.