There should be a premium paid for the privilege of being able to move out with 30 days notice.

If I had enough money I would buy every single house in my neighborhood and demolish them and turn the property into a massive compound. 

By the way, when was the last time you spent a few minutes getting to know your waitress and her restaurant, then left and got a bill that would cost you a day and a half of your life for that "privilege".

There are also compounds to cover the cracks in paneling to prep to paint, sanding it you can add Kills or another primer and add mud over it.

I'm in this for the long haul and aside from period checking-in and adjustments, I'm banking on long-term compounding growth for retirement.To answer your question, what would I do if I had just bought an investment (such as the one you are under contract on now) and I have extra cash.

Also, could this type of strategy be achievable with less than $100k, say 15-25k per partner as an initial investment, which can be compounded over the years, using the capital for additional investments?

Problems are going to occur so let's not compound them with multiple properties until you have the processes in place.

Compounded by other CapEx things that might come up and suck up those reserves. 

The difference between an okay cash flow versus great cash flow on my first 1 or 2 properties has a domino effect on the true compounding of interest in the larger plan over 10 years, so I have to exercise considerable restraint.

Obviously the biggest hurdle in ny/li are the home prices, in LI compound that with the ever rising taxes and that's a pretty large chunk of change.