This will allow you to spread out the costs of the renos and minimize the vacancies.

The market absorbed -19,000 square feet in Q1, indicating slightly negative demand.

In 2024, 2-4 family properties in Nassau have been sold nearly two weeks faster than they were selling last year.Further indicating a hot market, median sale prices have increased by 11%, which is more than any of NYC’s boroughs.

There are some indications that they may not sign, some personal family stuff that I don't want to get into. 

The unit is in an “A” location but we don’t love the layout and it is on a very small lot with a minimal yard and one car garage. 

A tenant complaining online might indicate that the property manager handled them appropriately, so be sure to ask the manager for their side of the story.7.

Here is the summary if you are interested.In this case, the main question is when did the investor completed his start-up phase and became actively engaged in his business.Whether a taxpayer is engaged in a trade or business is determined using a facts and circumstances test under which courts have focused on the following three factors that indicate the existence of a trade or business: (1) whether the taxpayer undertook the activity intending to earn a profit; (2) whether the taxpayer is regularly and actively involved in the activity; and (3) whether the taxpayer's activity has actually commenced.

We have had the same tenants since we leased it in 2022 and fortunately they have been great- minimal maintenance requests, very easy to communicate with, and pay on time.We have a 30 year fixed mortgage on the property at 2.875%, the property cash flows about $1,200/month, and there is roughly $200,000 in equity in the property.

We are finally starting to see indications of some deals in the Smokies. 

Your area is the tough part, but if he has the experience and you have minimal risk, it' great to just ride along and learn.