I think the other commentators have it right - a HML that is willing to take an investment that is small is probably not vettable and not a smart play - however if you have ~$500k or more to put in, then the legitimate more easily vettable firms would pottentially be interested - and you would be able to see the sophisticated setup, documents, structure etc and be able to research accordingly

Proximity to NYC, demand, amenities, and seasonality all play into why those are great.

Yes I have been playing around with QBO and finding it overly complicated and tricky to setup for STR..I will keep playing around with it but will also check out some of these other suggestions:) 

The opposite is true.Is it a good idea to hire a basketball coach so you can be a better player?

I read the book Rental Property Investing by Brandon Turner, did some research, played with the buying calculator and rental, listened to some podcast.

That's impressive to find your first deal off market AND to have a creative finance play.

One guy plays for the NFL. 

Completely new to this space any advice or recommendation is appreciated. lots of ways to answer this but from experience there is existing, cash flowing inventory of single family, multifamily, commercial. there is new construction of single family, small multi family, and large development ground up multifamily. we play in the second area. all urban core higher density infill lots best locations.

@Melodee LucidoI saw you had mention in a post quite a few years back that John played a role in improving your business.

As in every case the area, cost, amenities play into scenario.Have never been above 30% in last 12 years, usually at 10%