It’s great to hear from people with experience.

As people started chasing yield, these prices rose too high in comparison to better vintage assets.It comes down to price, and your pro forma reflecting lower rents for these units.

Definitely want to consult a title attorney on that, but this is why I tell people to go with large well funded title companies rather than the cheaper local ones. 

Also, check out the airbnb map for your area to see what your competition would be and what people are charging.Best of luck!

This means the cost would generally be capitalized and depreciated over time, rather than deducted immediately as an expense.On the other hand, if you were simply repairing the existing refrigerator to maintain its normal operation, that would likely be considered an operating expense.

Select the Tenant Segment FirstStart by identifying a tenant segment with a high concentration of reliable people.

Hopefully you get great people on the first try, but hard to know without referrals.  

people in your phone4- past sellers/offers 5- google   Just be careful 6- TV be more careful  7- hard money lenders  8- active for rents 

A lot of my friends and other new grad young professionals seem to congregate in areas like Midtown and lower Manhattan or in Williamsburg/Bushwick and Downtown Brooklyn.I know house hacking isn't impossible in NYC, but my most ideal areas with people my age and high traffic are also everyone else's ideal places to live, and are much harder to house hack.

And given that many syndicators that offer paid mentorship cost in the 10s of thousands, I would just be very clear with each group you talk to on what you are needing versus what they actually offer.From the bits I have seen about a lot of people's mentorships (to be clear I have not gone through any), they cover market selection, basic underwriting, some marketing, basic legal compliance items.