It puts you in a position to learn the market, build connections, and spot deals before most people even know they exist.

Think about it, why do people do Airbnb........make more money, however they have higher vacancy rates, and more management required.  

I bet you heard but the market around those areas are booming right now, especially since it is a buyers market, it gives you an advantage to get better deals from sellers while people are continously moving there, especially for jobs like tech, logistics, etc. 

We are the kind of people who do not jump into anything without fully planning it out.

Haggle with them to a maximum 60 day timeline) as you need time to renovate and get it ready for spring/summer market when most peoples leases are up.

I'm not sure why this is happening, but I seem to be getting a lot more people who want to cancel and get full refunds in the 11th, 12th or 13th hour than ever before.I found the hard "no" led to headaches so I switched to, "if it is rebooked, I will give you a refund."

New York is hard to evict people and you'll end up spending more time and money doing it yourself.

This is a great place to learn and to connect with people so take advantage of all the great resources.

Also, I have undefined misgivings about two people co-signing a mortgage.

As an agent I’ve helped at least 50 people buy a successful STR the past 2 years - so all with todays prices, todays competition and todays rates.