We specialize in working with investors on projects like this.

And then special assessments on condos.

For example, instead of an initial 6-month lease at $1,200/month, and then re-renting it in the summer with a higher rental rate, you could market it as a 16-18 month lease term (again, great suggestion by Tim) at $1,600/month with a "1 Month of Free Rent" special which you could either divide evenly across just the first 4-6 months of the lease, or prorate over the entirety of their lease term.  

A few weeks ago I wrote a summary overview to our investors in both funds to prepare them for probably lower returns in the short run from potential higher defaults.

Projects give us visibility on my projectsMy CPA can easily access the reports for tax preparation.

However, pretty much all tax professionals on this forum, and we do specialize in real estate, are on the same page.

One of my best friends paid cash for a "handyman's special" trailer in 2021 for $9k.

There are some special rules with passive activity.

Hello @James Wang,Your current management experience will be helpful as a realtor in NY.What are some specialization of realtors?

With the right PM (I always recommend connecting with multiple who specialize in the types of properties you're buying), they should be able to help you stabilize the property and hopefully keep the tenants for multiple years.