The biggest mistake new investors make is to walk a property, maybe explain in general terms what they want and then let the contractor come up with the SoW.For a bedroom this could be:- replace carpet- repair closet dooror- remove carpet- remove curtains, nails and screws- replace closet doors, entry door SKU#- replace window SKU#- refinish hardwood floors 144 sqft, clear/oil-based- prep and paint all woodwork- patch walls, texture, paint walls eggshell white clay, ceiling flat white- replace light fixture SKU#, replace lightswitch w decora/white, replace 3 outlets&covers- install blinds SKU#Obviously, the cost would be quite different.

During renovation: getting a wireless solar cellular camera with motion sensors, night vision and lighting or post Renovation a Ring and or simplisafe system while your project is on the market.

An LLC is a smart move for individuals looking to protect themselves, grow their business in a professional light, and operate as a corporation. 

In light of the pending Hurricane, I am anticipating significant damage to at least 1 of the units - likely rendering it uninhabitable for a period of time. 

I think the easiest way to scale for you would be to start with a turnkey single-family or a light value-add BRRRR in a good market. 

Prefer light renovations/updates, and ability to force equity with opportunity to add ADU(s). 

Navigating NYC's zoning regulations can be complex @Jon Pflueger, especially in M1-2 districts, which are primarily designated for light manufacturing and commercial uses.

This was indeed discovered by the BP team last week when all this information came to light. 

I recently learned they are being sued because one property they managed one of the people touring it, trashed the place and stolen everything including light fixture/faucets.

Many people that I see trying to do it themselves are light lambs heading to slaughter.