New York is hard to evict people and you'll end up spending more time and money doing it yourself.

You will spend lots of time checking the quality of their work, from TAXES, to the most mundane administrative work of Registered Agent services.

I'm completely lost at why people would spend money on class and workshop, when they can actually use that money and go find deals a bit outside of the expensive city we're in. $8,000 could got you started on a deal, or do a mailing list of some kind.

No, we can do everything ourselves and not spend more money than we have to.

I don't want to spend all my capital, but I think I could potentially refinance and get some back.

My team works with a good amount of OOS investors and over the years a pattern has emerged.

Spending $15,000 on minor updates in a Hyde Park two-flat could raise the rental unit's value by $300/month.5.

The main issue is that to do the ADU you have to spend so much bringing other items up to code like electrical, plumbing, lighting (windows) and egress.

I'm going off the understanding that you still need to spend 500+ hours in the business to achieve material participation (please correct me if I'm wrong). 

I had a distinct advantage over my competition who had to do their own courthouse searchs.