If you fly over and visit your properties frequently, that's great. 

@Brynn KurtzI would do additional research and learn how many people today are buying housing with none of their own moneyAlso even if you were to do this, you still need money to invest in real estate as properties need constant repairsThe most frequent mistake I see is people take these guru programs and spend all their $ on the guru and have no money to invest in real estate

Contrast that to the bond market--the source of movement for all manner of interest rates--which frequently moves more than 8 times in any given second.In other words, the financial market is able to make its move well in advance of the Fed and that's a substantial part of the explanation for the drop in mortgage rates seen over the past year.

My recommendation for this strategy is to minimize the amount of possessions you have so it’s easier to pick up and move frequently.

STR can be tough with the law changes that are frequently happening.

Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.

Pete and visit my family up there frequently. 

Our Realtor would frequently reference properties we were interested in as being "in the hood."

Here is a great article that walks through frequently asked questions on cost segregation studies: https://www.biggerpockets.com/forums/51/topics/1113749-cost-segregation-faqPartial Asset DispositionsA partial asset disposition allows real estate investors to write off the undepreciated value of building components that are replaced during renovations or those that are damaged/destroyed.

My concern was small single person businesses are subject to robberies which occurred frequently in the area in the early 1980's.The building was built in 1890 and NYC established building codes in the 1920's, and someone owned it all the while passed and my dad offered to purchase it but was beaten to it by a flipper who got it for $23K, and he bought it from the flipper for $25K.