I'm curious if you'd feel comfortable PMing me how your tenants do it and if there's simple deterrents.

Since I'm taking such a cash hit, I asked the sellers agent if they would be able to designate some portion of the sale price ($200k?)

What I can also tell you is that as an owner in NY, the landlord laws are very much designed to protect a tenant as opposed to here in Detroit where the laws are designed more fairly to protect both the tenant and the landlord.

I was never aware about the fact that It's simple to start up as long as you put In the work to learn the topic like the back  of your hand.

With software, it's only as powerful as its user so some clients overcomplicate things and spend most of their time trying to "fix Quickbooks".The most successful and quick clients keep it simple or keep it to their comprehensive level. 

It's not simple, sorry.If you have not closed, consider tax mitigation strategies such as a 1031 exchange.

@Chris Hains  all in price , vs what you are expecting to sell it for , KEEP IT SIMPLE.

A major part of the success or failure of an STR investment is the design, furnishing and management plan.

You can stack your personal 50%s up for separate ventures while still knocking out deals without your own capital2) Read Raising Private Capital by Matt Faircloth3) One LLC with the S Corp designation to pay yourself a reasonable salary from the flip profits.

I designed a little U-shaped kitchen to fit right in the space.