Once you get big enough you will want to have a separate operating account but with just one property it really isn't necessary.

Of course this could mean north of the Bronx, but in general I feel its some sort of imaginary line drawn through Rockland and Westchester counties, basically where the core suburban areas end. 

I currently operate a successful business, and knew that real estate investing would be my next step.

We are holding and will continue to operate this for years to come.Lessons learned?

maybe Google just doing this like they did with Google Flights to leverage their negotiations for higher advertising dollars from VRBO/AIRBNB etc, like they did with Expedia/Hotels.com/United/Delta etc and they have no real interest in making it a discrete profit center but just a strong profit stimulant to their core advert business.buy more Google stock usually a winning formula last 20 years

If you operate real estate for profit, that means the "value" is based on revenue.

I pitched the idea of me running the operational day to day to get experience, while they pay the mortgage.

Building your "Core Four" is going to be essential.

That means that if you find a property that already has the proper permit, it could continue to be operated legally, if the permit is renewed. 

All his videos and posts alluded to him operating and making all these projects successful.