Many insurance policies also require re-development within two years, a near impossible timeline in a region with the coastal commission, perhaps only second to Manhattan in terms of permitting and red tape.

With the newly implemented congestion pricing in Manhattan easy access to NYC public transport is golden.

If you're more of a 'personal referral' person than a 'do research online' person, and this is local to you in Manhattan, KS, hit up one or two of the trades people in the "little apple all stars" BNI group.

I don't remember how much our taxes went up.The good news the PF area embraces STR properties. 

why do people pay $20m cash for a manhattan condo?

Maybe not as flips since the markets are different, but will lenders take any pf that experience into consideration? 

--reach out and thank them upon getting the booking and ask if they have any questions--send a "Welcome" email or automated message during the week prior to arrival--reach out the day after arrival to ask how everything was the first night and ask if there is anything that the property needs--reach out at the end of the stay (that morning or within 24 hours) and ask how everything was, anything to improve, anything to add to the house and then offer an incentive for returning guests.My 2 cents,Mike Absolutely stay in your place as Mike said.You will see things the cleaners will never let you know about.We stayed in our PF will putting up the Christmas decorations and found a cracked plastic shelf in the fridge. 

Quote from @Scott Trench: @James Wise NYC, and Manhattan specifically, are magical man made creations.

Smart investors first focus on finding quality properties—such as those in thriving areas of Brooklyn or potential neighborhoods around Manhattan—and then reverse engineer the process by improving management, optimizing rental structures, or enhancing facilities to make it worthwhile.

I saw this site https://www.nobregarealty.com/buying that says:"If you are not a European National and wish to live on the island permanently, you will need to invest a minimum pf €500 000 in a property in Madeira and comply to certain rules and regulations as well as applying for the Golden Visa Program in Madeira, Portugal."