I picked RE because I had a lot of practical knowledge and experience that I thought I could leverage to add value to my purchases.

Typically you would only see minor increases in the market so taxes were pretty steady, but when three houses on the street sale for 50% more than ever sold before they go through and re-evaluate all the houses.

That cant be right, there's at least 40,000 RE investors on YouTube worth that much!!

RE is ALL about price, your GC should have seen this when they walked it, so get a better price. then fix it 

This will depend upon state and local laws, I would definitely consult a RE attorney with HOA and/or STR experience. 

I'm brand new to BP and RE investing, and I'm excited to start this journey and learn as much as the old grey matter will absorb.

When we underwrite our F&F's, the guidelines are in place to make sure you have a healthy profit margin so if we see anything glaring that should be re-considered we can walk through that in order to make sure everything make sense before proceeding. 

Since on of my wonderful BP colleagues already answered it above, I wanted to ask if this person would be open to re-investing the proceeds? 

Presently living in NYC -- looking to purchase my first RE property in Fairfield county, CT in 2025.

This is the place to be if you're looking to learn and get into RE.