Thanks,The property is in the SE, I was able to put a crew together for a roof project that has been completed and I brought everything down to studs and re-wired the house up to code myself.

I know Jersey City is quite openly permissive about Airbnb, but I'm not so familiar with short-term management companies per se.

As to your other question; there are no tax benefits per se if you have the leases in the name of the LLC. 

FWIW - not recommending this per se, but mMost of LI is chock full of illegal rentals (basements and the like).

I am not seeing how it would create a worthwhile tax write off per se (Under sect 179 a vehicle previously owned/used for personal use does't qualify).

I do disagree with the comment on REITs being more volatile per se.

I don't rule them out for that per se but it takes extra work to gain comfort.

@Sai Kiran I think the market will cool at some point but not necessarily crash per se.

We have helped many out-of-state investors like yourself purchase great properties in areas in SE Idaho such as Victor, Driggs, Island Park, and more!

We are small time investors with a property in SE North Carolina and my tenant had her LCSW provide medical paperwork requiring an emotional support animal (ESA).