( He worked as a part-time super for a few other much larger buildings so this was welcome supplemental $$$ for him)If you manage properties in the area (say anywhere in the area loosely bordered by Sunset-Park, up to GreenPoint to Williamsburg & Bushwick, down to Lefferts/Flatbush (see red-circled area in map below) let's create a little 'union' to share a part-time roaming Super !

So many folks will scream that buying negative cash flowing RE is "gambling".

It was definitely a gamble, because I was assembling furniture up until the night before their check-in :o I only had an opportunity to advertise on FF, because it was the first place we posted and it got enough inquiries right away.

It's more gambling than anything else.

But Flood insurance is required as primary ($2000 / yr)By the time I fix and sell the home (8-12 months estimated) and incur additional costs + holding vacant, and selling expense (SQUATTER RISK, <100 miles to MEX border), and then go back and recapture depreciation + Capital Gains... my TAKE HOME will be far less than the appraised market value. ~50% haircut.So... since all goes to charity in 15 - 20 yrs anyway... why not donate now and play those cards?

Both sides of the border are investing in our downtown area which is great! 

However, the vacancy is really low in my area and prices are really high so it’s a gamble most house hackers take.

So, if you are a CPA with international/cross-border knowledge please let me know, I would love to connect.

Hello BP Family! I'm bit stuck trying to figure out the legal ways to go about doing this as I am Canadian and am looking to invest in American markets. I've heard I might need an E-2 visa? I might need a different LL...

I don't think you'd have much luck going the eviction route as they seem to be bordering on the professional tenant side of things in terms of avoiding possessions.