Yes NY is expensive but long term wise it'd perform better then any Midwest property.

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

We're looking to sell our rental property that isn't performing well.

Many investors are familiar with the concept of cost segregation studies and may have even had studies performed on their properties.

I've had the goal to do it in 6-7 months and been beating myself up for poor performance as the GC... feeling much better now!

At the end of the year, it is super easy to reconcile expenses and to be able to do an easy audit for performance purposes.  

Since you can 1031 from any type of property anywhere in the US (if you're selling in the US) the 1031 will be performed the exact same.  

Buy and hold notes (performing and non performing)3.

If that does not organically happen fast enough, I would give a couple of residents at a time the option to (1) stay in their current unit at renovated rent levels and perform renovations that can be done in an occupied unit (2) move into a renovated unit at renovated rent levels or (3) move out.

I would give written notice to the tenant of the violation, and then perform a property inspection in 30 days to see if you still see evidence of the violation.