I feel sorry for the people losing everything in the fires , insurance will go up .But I wish I was the guy  driving this bulldozer ;t=162s

In fact, some of them have been in the news lately and popped up on the foreclosure list as they are in trouble financially as well. 

Getting that first property is exciting—and yeah, NYC is no joke when it comes to price of entry.Honestly, a lot of people I’ve talked to in your shoes end up finding better opportunities just outside the city.

Just be ready and treat matters guests bring up etc urgently and you will do great. 

Planning for flexibility with frequent moves and understanding property management will set you up for success when you start investing in 2026.Good luck!

It would depend on the nature of the repair.

So your $10k could get you a property but what you don't think about is the tenant class is lower and the ups and downs are more frequent.  

I have little confidence in turnkey providers, deals are already hard to come by, if they take another 20% cut before.. much better to buy a property from an owner that is in good condition.

I knew it would come back to bite us.

Practical Tips for Managing PropertiesFinding Good Tenants: Screen thoroughly.