But I find that most people want to invest in areas that are solid and that don't have bad tenant quality.

Hopefully someone with tax accounting knowledge can jump in here with more detailed analysis, but I looked at this a bit several years ago...1) You still have to pay the depreciation recapture on the sale decreasing the net benefit of this approach due to the large tax payment in the 'sale' year2) The LLC would need to not be a passthrough entity so that it can be taxed separately from you, so you have to add another tax return cost for the years going ahead3) Taxing it separately from you likely means corporate status and corp. taxation rates which are higher than yours and I've heard many times over the years to avoid titling real property as a corp...Overall from what I've seen this only makes sense in a select few scenarios, which for most people aren't in play. 

I am looking forward to meeting people from different aspects of the Real Estate Investing world.

Burnout is a real thing and there are more important things than real estate investing.

As a real estate agent based in New York, specifically on Long Island, I'm eager to hear from anyone who has experience with BRRRR properties in this area or has valuable tips to share.

I'm based in WI and there are several people from NY investing here, some successful and some not---the common thread I see from the ones that are not is that they relied on someone else for information instead of investigating, VERIFYING and doing their own due diligence. 

I have a goal to buy my first real estate investment in 2025.

He was new in town, culd not afford nice all on his own, needed a roommate and this type of real pairs people up.

I think over the next few years people will leave markets due to municipality changes.

The times I know people had problems with tenants are when they made exceptions or weren't thorough enough on their vetting process.2.