Hi BiggerPockets Community,I’m looking for advice on breaking even or generating positive cash flow with my studio condo in Prospect Heights, NYC.

Usually there's a lockup period (often three years) in note funds, so you can't use that cash to do direct note investing.  

But what about the interest on a cash out refinance?

Fast Turnaround: Unlike long-term rentals, you can cash out quickly and reinvest.

The best I've seen for STRs is 80LTV on purchase and 75LTV on cash outs. 

You will NEVER cash flow while living there but have a chance of cash flowing when you move out.

There are no tax deductions for such gifts, however you have a $15k per recipient annual gift limit that avoids the chore of filing a gift tax return.

- If so, 1031 into something bigger and easier to manage and then when you pass, the inheritor receives your property(s) at a stepped up basis - subject to Inheritance Tax limits.Otherwise, sell one every 1-5 years when you need the cash, so you can plan expenses to offset capital gains.

Are you looking for immediate cash flow or longer term appreciation?

Are you starting with some available capital or other investments that you can turn into cash to buy a deal?