Issues like contractor delays, supply shortages, or unforeseen repairs can extend your timeline, which adds to your holding costs (mortgage, utilities, etc.).Tip: Factor in extra time for delays and have a backup plan to stay on track.Over-Renovating: Many new investors fall into the trap of over-improving a property, especially when they try to bring in their own taste.

If you're looking to target a family with young kids or older folks then you may want to consider it a little more in depth as these people may need a tub.

You probably don't NEED a CPA or lawyer for help getting an LLC, but if it's your first time the extra money to know it was done correctly probably doesn't hurt if you can spare it.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

There are no extra tax benefits with an LLC, as it's typically a pass-through or disregarded entity.

But then raise their rent an extra $50/month for this at their next lease renewal.

The extra half a cent per name is for them to scrub against the DNC. 

Also there are some folks who would never invest in New York City.Don’t answer the following question on this forum.  1.  

sounds ridiculous but a situation ive encountered multiple times. ask yourself how much extra work you want in your life, offsite landlords get put out of business regularly, I've seen it over and over again. consider your options and learn everything but diving in.

Are there any local folks that I connect with ?