Hi BiggerPockets Community,I’m looking for advice on breaking even or generating positive cash flow with my studio condo in Prospect Heights, NYC.

While living with tenants can pose challenges like privacy concerns and tenant relations, clear boundaries, professional management, and proper tenant screening will help you succeed.

ARV $350,000 - $400,000 3bd 1 bath 800sqft estimate rehab $70,000 purchase price $200,000What are your thoughts and should I do it?

Hey all,
I’ve been diving into options for software to help streamline real estate rehab and construction project management. Platforms like Procore, JobTread, Buildertrend, and FlipperForce have caught my eye, but I...

You can learn by watching a professional manage the property.

Hi all. Does anyone have a map breaking down the Phoenix market area ? (A,B,C, D areas)? Or just any suggestions for the best bang for your buck areas that offer at least a little cash flow and appreciation ? I know, ...

@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.

I have no investment experience, only stock market and IRA’s, but I hope to learn a lot from professionals on this forum.

Opinions and advice are welcome.

Readers should seek professional advice.