Savan cool well it is good to start and when it is the first deal it is wiser to be cautious and not over extend one self on the payment and rehab costs.

It goes deeper than that.NYC Liberal policies, including strong tenant protections, increases the risk of failure so much that the risk far outweighs the rewards.Financial ruin is just around the corner for the small Mom and Pop Property Investor that it doesn't make sense for them.The Tenants will have free Attorneys that are bent on delaying eviction cases so long that it stretches into years while Mom and Pop suffer from lack of rental income and still have to pay all the bills and do the management.Additionally, the increase in homeless living rough in the streets due to Sanctuary laws causing a lack of shelter beds, then evicting shelter residents after 30 days creating more homelessness, policies that tie up the Police's ability to arrest perpetrators, etc. only causes Mom and Pop to sell out at large discounts to larger Landlords who are capable to use Economies of Scale to eek out a profit.These larger Landlords will eventually turn a much higher profit as the pendulum will eventually swing towards the middle when the NYC Voting population eventually realizes that it's not a conspiracy of the Rich that's causing the Wealth Gap to increase.It's the same liberal laws that encourage people to become lifelong tenants, small Entrepreneurs (including Property Owners and small Mom and Pop Businesses) to be destroyed, and Rents to rise astronomically as housing becomes scarer even when the population declines by as much as 7% in the last several years. 

It’s good business for extended-stay hotels, the housing of last resort.

Poor management of contractors, permit delays, or running out of funds can extend the rehab timeline, costing you money.

A successful reputation assumes trust, and I think trust is too fragile to extend.

It's ridiculous, 1 mill a year167 props,  with 50k in saving and credit of 8k, come on , I am saying this post reads like a FB post, Mr/Ms Admin,Bob may be suffering from dementia or some other kind of medical issue.

That's a unicorn setting to step into and then extended term low rates is also something we may not see again in our lifetimes.

Afghanistan, Iraq, Libya, Lebanon, Iran, Ukraine, Vietnam, Korea, Venezuela, Cuba..... on and on the list goes who have suffered, seriously, via US interventionism. 

Timing: Complete the study within the property’s first tax year (by the extended tax fiing deadline) if possible; otherwise, a later study can use a catch-up adjustment but will be expensive.3.

Like many tourist destinations, Dublin suffers from extremely high rents pricing many local residents out and to try and negate that there are a number of rules placed on short term rentals in the city.