The new requirements will apply to tenancies starting on or after July 1, 2025, with pre- and post-repair photos required by April 1, 2025.This law also clarifies that landlords can only deduct professional cleaning costs if needed to restore the property to its original state.

Nothing was completely destroyed, just in need of restoration which has begun on all units.Still nothing like what I am seeing in WNC / ETN - Hope everyone there is ok.

Whether you want to buy a 2-4 unit place where you live in 1 unit and rent out the rest or do something like a live in flip (where you fix up a house over the course of 2-3 years, move out and sell it to capture a tax free profit), it will mitigate your risk because it is where you live. 

It'll create a safe haven for businesses to operate securely, should provide a good boost in jobs.New York is the prime example of what having a stadium within a city can do for the local economy.

Not in California or New York!

To my understanding, the legal out of state entity can own the property AND manage the rental property because it is passive income...But California and New York may have different laws you need to check.Generally, The requirement to register an LLC as a foreign entity in another state generally depends on whether the business is considered to be "doing business" in that state.

This is because the purpose of insurance is to restore the property to its pre-damaged condition.

I just inherited a 3-bedroom house in upstate New York.

@Mary UmohFor more information: Info on Philly zoningI had zoning reviews done in New York.

New York City doesn't even have cap rates this low, let alone Fortworth, Texas or Tempe, Arizona.