There is an offer to buy but if I include everything I've spent over the years, mortgage P&I, taxes, insurance, HOA, and recent repairs, I will just break even.

From there, it's easy enough to look up the tax rate for corporations and make your tax burden assumption.

It has cost many people including myself a lot of unnecessary money and still is because you deal with the tax portion of opening unnecessary LLCs recommended by supposed professionals. 

The city is still getting property taxes. 

.: New to REI & BP, and debating my first move.My Background:30, single, no kids, no property, high income, fully remote worker$300K to allocate toward real estate (+ $100K/year after tax)Currently renting in NYC but planning to move back to LA (hometown) in summer 2025 or the following yearTired of paying rent and want to start building equityMy Dilemma:1️⃣ House Hack in NYC – Stay a couple more years here, buy a small multi-family now and offset costs with rental income.

With rising costs like HOA fees, insurance, and property taxes, it’s tempting to push rents higher—but that strategy often backfires  (and IS backfiring), especially in today’s market.Why Overpricing Hurts More Than It HelpsRents have softened, and supply is increasing.

Enough immediate cashflow to balance out the mortgage, taxes and insurance.

Use tax benefits like depreciation, repair deductions, and tax-free refinance proceeds to offset income, and consider an LLC for liability protection.

Minimum of 3 night stays, limited number of STRs in a particular neighborhood etc.You need to get the license and pay the STR tax.

Relay does have free wiring.We haven’t had any accounting done yet with our 1 Trident account for taxes.