Investing in a low-crime area.I'm not being facetious. 

Some landlords try going the major renovation route, but it’s expensive, full of legal red tape, and not guaranteed to work.You’ll definitely want a solid real estate attorney who knows NYC rent laws.

Hi @Philip M.My stack is,Payments / repairs: apartments.comManaging expenses: Stessa.comI used avail with a client of mine and it seems that is good option, but screening was not very experience.

Home Depot and Lowes have a money-back return policy.

Real estate is expensive, no matter where you look.

I am estimating to generate $8k per month net profit, on the low end. 

This means the property is owned by the IRA, and all income and expenses flow through it.

For electronic payments, use multi-user approval thresholds in your banking portal.Segregate duties: Builder submits AIA docs → Your team verifies lien waivers/notarization → Separate approver releases funds.Structural Safeguards:Hold accounts under an LLC (not personally) with clear operating agreements.Use project-specific bank accounts – no commingling.Your $1k threshold is too low – focus controls on major disbursements.

Money left in the account that isn't needed to regular bills and expenses, remains in the HELOC and compounds the savings benefits.

Industrial vacancy rates for your size building are ridiculously low.