On the other hand I don’t want to be cheap and losing money in the long run bc I’m not properly fixing things.

Now if your interpretation is cash flowing enough to quit your job that is another conversation.  20 or 30 properties at 1k a month a door, if managed properly is a great revenue mark in my book. 

If anyone who is knowledgeable, please chime in so I can relay such information to my friend so they can have proper step to follow.

You did things outside of the normal without proper knowledge.

this is what Oregon has done starting in July to regulate  the wholesaling activityhttps://www.oregon.gov/rea/newsroom/Pages/2024-OREN-J/Proper...  

It is nearly impossible to follow NYC's requirements and run a proper housing business.

@Alex Houser You need more numbers and a proper inspection to justify the price. 

I would advise running your rents conservatively and vet property managers properly before signing anything.

Under federal law (ADA and FHA), true service animals and emotional support animals are exempt from pet fees, deposits, or rent, but the tenant must provide proper documentation if requested.

I'm happy to send someone, however, if they find everything is working properly, you will be responsible for the cost."