(But in Melbourne, the portion you live in is NOT tax deductible).Also, I just don't reckon you can use the last 17 years in NY as an analogy for Phoenix AZ, ahead.And as far as I can see, @Sarah Kartsher is nowhere near breaking even.

I'm currently wholesaling within NY as well as working with a direct lender for Hard Money Funding. 

One of the ideas I did have was that currently my mother lives in NY as well and has an apartment that she has renters' insurance on.

@Kata Walters Hi Kata,Let’s connect I’m in NY as well!

I have managed properties in NY as well.

I was just presented a deal in UTICA, NY a multi family property with excellent cash flow and 7.5% cap rate.Those i ask for advice from told me not to invest in upstate Ny.

Although the property was being frequently checked on, it was no use for the strong squatter's rights laws in NY. A

.🤣  really small world   I moved to Wilmington NC from NY a few years after starting in real estate and got my NC real estate license many many years ago Back then Kure beach was considered the junky beach compared to Wrightsville There was a waterfront fixer up for sale for $99,000 and it sat for many months before it finally sold  

Yoann,If you form the LLC in NV or DE and the LLC plans to operate in NY it must still register in NY as a foreign LLC.  

I currently live and work in NY as a Aircraft Mechanic and would like to purcahse my first property this year.