Best of luck in your search ! 

Hi everyone,I’m looking for some guidance on improving the performance of our short-term rental, and I’d really appreciate your insights.

Search for the BP podcast episode with Jude Bernard - he is very active in NYC.

That's a good idea and now I'll have a buy box for searching.

So, if your current rent roll is still on the lower side, it could limit the amount you can borrow right now.However, if you have even a partial track record showing improvements.. say a few of the units are already updated and attracting higher rents.. a lender might take that into consideration when underwriting.

Centralize your back office / use remote employees / VA where appropriate to cut costs and improve service levels / responsiveness.  5.

I recommend searching "arbitrage" here and reading any/all of the hundreds of general threads about negative elements of arbitrage.

I'd recommend searching by zip and interviewing an agent or two to see who you're most comfortable with.

@Dennis Bragg, how did you factor improvements and market appreciation into the buy-back price?

I also found that being at "market" rents it takes longer to rent therefore missing out on a month or two of income negating the ROI on improvements.