If you have any questions or concerns feel free to reach out at anytime!

And we have an ownership in all of the communities we operate, so that is incorrect information.

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not. 

I’m at the very beginning of my REI journey and I would love some guidance on how I can best optimize my planning, research and saving phase (which I’m dedicating 2025 to).

Based on some of the research done, I am inclined towards starting out with a small multi family investment property (2-4 multi family home).

Thanks Ranjit, I'll check those neighborhoods.

It turns out he could like airbnbs that needed minimal DIY work.

The numbers tend to work better, and you’re still close enough to keep an eye on things.As for NYC itself, deals are definitely out there, but it’s tougher.

This was an example.

But ya have to make some educated prognostications in life.Add this to the information your processing - What your talking about doing is eliminating around $4000 or interest expense (which is deductible anyway so really could be a real impact of eliminating $2800 or so) of debt in exchange for paying over $10K in capital gains tax (don't forget possible state gains tax as well).