I’d appreciate hearing from anyone with experience in this area, particularly if you know of any process to decontrol rent-controlled units when they become vacant.Also, I’m seeking recommendations for an attorney with expertise in rent control, tenant law, or real estate in NYC.

If the numbers still make sense after factoring in all repairs, it could be a great learning experience.

Have you had any experience working with Section 8 tenants/programs?  

When my wife and I started out we new we wanted to invest but did not know how to, we took action and unfortunately found a family friend realtor (amazing learning experience) then we found bigger pockets. 

While I am not a lender or an expert, I value your perspective and recognize that your opinion is likely more accurate than my own experience.

@Lindsey Clark, I was talking to another BP member who worked with Jay Huffman with Hotwire remodeling in Dayton and he said he had a great experience with him.

If anyone has experience or tips to share, I’d really appreciate it!

2.Does anyone have experience investing in or house hacking in Danbury?

., based in Southeast Michigan, specialize in property tax appeals and have over 20 years of experience challenging unfair assessments.

High-end furniture, premium mattresses, and a full kitchen setup can increase costs, but prioritizing durability and guest comfort—such as a high-quality king bed, sturdy sofa, and reliable appliances—can enhance the guest experience and drive better reviews.From a tax perspective, furnishings and appliances are depreciable assets, but how you deduct them depends on cost and timing:Items under $2,500 per unit can be expensed immediately under the de minimis safe harbor election (timing of when placed in service may result in the need to capitalize).Larger purchases above $2,500 typically must be depreciated over 5 or 7 years using MACRS.Bonus depreciation (60% in 2024, 40% in 2025) allows accelerated write-offs for qualifying property, including furniture and appliances.Section 179 may allow immediate deductions for certain furnishings, but eligibility depends on taxable income.Since you plan to materially participate in 2025, STR losses may offset W-2 or other active income.