Make sure you understand the difference between capital expenses that get depreciated over multiple years and regular expenses that get deducted immediately.

But you have to be very creative and understand that if you're seeing deals from industry professionals (rather than sourcing them yourself), there's probably not enough meat left on the bone for a good opportunity to create value.Good luck!

I think these type of properties do cash flow well from my understanding. 

I wish I hadn’t because I didn’t understand the necessary “accumulation phase” of REI and wealth building.

For your question, as far as I understand, the city of Binghamton doesn't allow STRs, but a lot of people do them anyway.

I am like understand 70% of it.

However, I also understand that lower housing cost may saturate the rental market. 

There are different things to know and understand.

Then you have someone who understands the investors goals well and the technical experts really working together effectively. 

Localize City (Homebuyers and investors who want a deeper understanding of neighborhood dynamics and potential risks) 8.