And at what nominal price compared to the $24mil they paid in 2019? 

Firstly, it often generates higher rental income compared to long-term leases, particularly in desirable locations or during peak seasons.

- You or the PMC can get 3 bids, but who is going to know how to accurately compare them and understand if something is missing - that will require more work+charges once the project has started (a standard tactic by many contractors!)?

We intentionally compared them against each other on different properties.

there are ways to get around the highest and you also need to take into account the savings you will generally have on the purchase side when compared to other regions. 

Quote from @Tove Fox: What are the pros and cons of each when compared?

@Tom Rairdon If you’ve owned your short-term rental (STR) for over a year, it likely qualifies for long-term capital gains (LTCG) treatment, taxed at lower rates (0%-20%) compared to your 33% ordinary income bracket.

I feel that they have over-performed for the price and are a great value compared to the prices paid by my peers.

Westchester, although one of the hottest markets, has a ton of upside with opportunities for both cash-flow and equity. 2-4 family properties in Westchester are the 2nd most affordable in the NYC Metropolitan area (next to Suffolk County) making it easier to find cashflow opportunities when compared to the boroughs and other suburbs like Nassau.A client of ours in Westchester recently purchased a < $800K 2-family with a detached 3-car garage which brings in additional rental income - from a local business owner with commercial vehicles.

 @Jordan Laney Asking what others pay for snow removal and comparing your yearly spend to past years is not productive.