However, I wouldn't keep my hope high.  

At full occupancy, the cash flow I just keep in reserves for repairs or help pay the principal. 

While there is no official holding period, tax advisors recommend keeping the property under the trust for at least 12 months to meet the "held for investment" requirement.

Better play it safe and use a warranty deed instead.Also, later on when you sell your property, it will keep the chain of title cleaner for the next title insurance.Last but not least, a warranty deed does not cost more than a quit claim deed...

Tools like DocuSign help keep things official even from a distance. 

Just as an aside, both plan to keep their owned real estate and lease it to the business buyer.I like that because it makes the business much easier to sell.

It's tempting early on to leverage as much as you can so you can do more deals and keep liquidity, but increased cashflow especially with PMI will make you sleep a lot better at night.

Another option is to sell one or two of them to pay off your LOC and then keep just one.

This keeps you from cutting corners or hesitating on necessary repairs.7.Stay on top of rent increases & lease renewals.

The numbers tend to work better, and you’re still close enough to keep an eye on things.As for NYC itself, deals are definitely out there, but it’s tougher.