It was on the market less than a full month and it was a Condo, no less, which are more taboo than anything else out there. 

I asked about it and she and explained the 'why' everything else was good (employment, background, income) She has been on time every time going on 18 months  since she moved in.

We notify 2 units at a time, 60 days before expiration, that their rent will be raising.

@Kevin Duke Since Subject A’s $6M net worth is below the federal estate tax exemption ($13.61M in 2024) and Florida has no estate or inheritance tax, Subject B can inherit the property tax-free with a step-up in basis to the fair market value at the time of death, eliminating capital gains tax if sold immediately.To avoid probate, Subject A can use a Lady Bird Deed (Enhanced Life Estate Deed) or a Transfer on Death (TOD) Deed, which allows automatic transfer to Subject B while retaining full control during their lifetime.

I got into the life insurance industry part-time to help others achieve their financial goals, and I'd love to connect with any investors looking to explore how this tool can strengthen their real estate business.

High-end furniture, premium mattresses, and a full kitchen setup can increase costs, but prioritizing durability and guest comfort—such as a high-quality king bed, sturdy sofa, and reliable appliances—can enhance the guest experience and drive better reviews.From a tax perspective, furnishings and appliances are depreciable assets, but how you deduct them depends on cost and timing:Items under $2,500 per unit can be expensed immediately under the de minimis safe harbor election (timing of when placed in service may result in the need to capitalize).Larger purchases above $2,500 typically must be depreciated over 5 or 7 years using MACRS.Bonus depreciation (60% in 2024, 40% in 2025) allows accelerated write-offs for qualifying property, including furniture and appliances.Section 179 may allow immediate deductions for certain furnishings, but eligibility depends on taxable income.Since you plan to materially participate in 2025, STR losses may offset W-2 or other active income.

But, in my opinion, the nonaccredited offerings are generally pretty poor (sponsors generally don't have full real estate cycle experience, higher expenses, fees and promotes charged to the investors, less or no skin-in-the-game, etc).

Purchase price: $150,000 Cash invested: $90,000 Full remodeled What made you interested in investing in this type of deal?

Yep, been doing it full time since 2018ish.

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.