I mostly agree with Huong, but in specific cases, a small negative cash flow is not the end of the world.

I mean in general what sort of expert should I try finding first, but if someone has specific people in mind who deal with the UP that works for me too.

While I haven’t invested in NYC specifically, I can share a bit of perspective: For a 3-year timeline, buying can make sense if you’re confident in the market’s appreciation and can find a condo with flexibility for renting it out later.

I noticed that Chase and Bank of America charge fees for wires unless you meet specific criteria.

Have some real estate under my belt but looking into Short term rentals opposed to long term rentals.Wondering if there is a stand out book to read to gain understanding for Australian Short Term rental market/AIRBNB.Also if there is a specific group for Australians and short term rentals for Australian market/Australian tax system etc, do point me to that.Rod

@Jefferey EutsayIs there a specific aspect of this deal that you are hoping to get advice on?

I have a few friends who is very pro Ohio (Akron and Columbus specifically), but i ventured elsewhere.

For us, the only time we pay contractors upfront is when it is for really specific jobs like full HVAC and full Electrical jobs, and these are somewhat large companies with vans and trucks, so we know that these guys aren't running anywhere with our $3k upfront payment. 

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

For anyone considering this, it’s probably worth consulting with a local land-use attorney or planner to navigate the specifics and make sure you’re maximizing the opportunity without running into red tape.