To really reap the benefits of your ownership of the NY property over the years you'll want to sell and do a 1031 exchange whilch will allow you to reposition your real estate anywhere in the country and into any type of investment real estate --- without having to pay tax on the profit from your sale or the recapture of depreciation. 

We're in real estate and will cross paths again eventually, doesn't seem to make any sense to burn a bridge. 

I truly believe that short term rentals are the fastest path to financial freedom.

We are looking into wineries (Longshadow and Thornton) and a couple of beautiful country clubs at the moment.

And flying out lake Chelan to Stehken for the air tours  such awesome country and such a well kept secret.. 

Texas’ active inventory in June 2024 was about 4.6% above its June 2019 levels.That means, of course, that the inventory situation in much of the rest of the country is still quite tight.

I am new to the real estate business and this country, thats why I really appreciate any guidence here.Thank you in advance folks!

@Kenneth Lewis if you're 21 and you want a rental property by 24, I think the best/easiest path is to work on a career related to real estate.

You're on the right path!

As I look ahead to the next 5 to 10 years, I’m at a crossroads and could really use some advice from this knowledgeable community.I have two potential paths I’m considering:1.Continue Focusing on Short-Term Rentals (STR):•My plan is to shift towards mid- to high-end vacation rentals with unique characteristics.