The numbers tend to work better, and you’re still close enough to keep an eye on things.As for NYC itself, deals are definitely out there, but it’s tougher.

The rebound in single-family home sales is impressive, but what really catches my eye is the inventory growth and the trends in townhomes and condos. 

A professional property manager should handle the heavy lifting, ensuring your investment is protected and profitable without adding stress to your plate.

Warren Buffet said the most important part of investing is to protect your principal. 

Additionally, involve a real estate attorney to ensure the transaction aligns with legal requirements and protects both parties’ interests.

The landlord should be named on the tenant's insurance policy for additional protection and to assist with tracking compliance.

Also any tips for automating this as much as possible and how to protect the property financially and property management would be appreciated.I ALMOST understand the rental arbitrage strategy if building a company scaling with say 30 + units and looking for high short term cash flow.  

When its included in a lease for real estate then the laws pertaining to residential rental security deposits in your state apply but when its separate you should have more leeway to get some additional deposit to protect you.

Anything I need to be aware of or make sure they do for my protection?

Happy to chat about financing options if you have a BRRR deal you're eyeing.