Any leads and connections with investors who actively managing student rentals in Buffalo, NY area will be greatly appreciated. 

If the city's requirements are bare-bones but all active rental listings are more elaborate, we go with the market trends to make sure we are competitive & provide what tenants are looking for.

@Ashley Campbell You are wise to engage an accountant who understands real estate and who has a significant percentage of RE investor clients.That said, it shouldn't cost anywhere near $5K for you to get answers to basic questions!

Looking for advice - purchased first STR 2023 and we qualify for active income based on rule 3 of the material participation test.

For just a moment, is it possible that folks would just want to participate in an open and engaging discussion about a topic without intending to discredit another person's view on a matter? 

@John UnderwoodUnderstood, but do you think it should ever cross my mind in the future to dive into the STR realm so I can maximize tax-write offs (Passive losses offsetting active/earned income) from my Job later or just stick with the good, stable, LTR’s? 

This suggests some volatility in the market.Investment Considerations- Long-term Potential: The presence of a dedicated economic development partnership and active city government suggests efforts to promote growth, which could benefit real estate investors in the long run.- Property Management: With companies like Champion Investments managing a large portfolio of properties in the area, there seems to be a robust infrastructure for property management, which could be beneficial for out-of-town investors.- Market Knowledge: Local real estate companies like RE/MAX Select, with their 18 full-time agents, indicate a strong local real estate community that could provide valuable market insights.In conclusion, Shelby's real estate market shows potential for investment, particularly given its price growth and strategic location.

They also make those moisture meters, that I have had roofers use in my attics to attempt to trace back sources.As noted, in my market, if you have active leaks that you are aware of, they need to be disclosed when selling a property.  

If through a syndication passively or actively as a managing partner, or if you mean smaller multifamily (2 - 4 units) which are still classified as residential. 

It was a sensitive time for the country and a terrible time for the president to engage in crazy talk like that during a press conference, which is why it got so much attention and is still referenced.