I would need to consult tax consultant for this however I expect to reduce my effective costs by ~$1,495/month (based on a 32% tax bracket).2.

Hey @Benjamin Jones -  Fellow Japan-based investor here.  

I'm looking to purchase my first rental property and have been searching for a deal that would generate positive cash flow based on my projections.

I was trying to appeal to the next generation with more app-based management rather than phone calls and emails.  

He has made millions personally  Just like any other national guru who hit it just right has the Utah based fulfillment companies coordinating his marketing.

These forums are a great place to learn and connect with fellow investors.I’m an investor based out of Columbus, OH.

for water stuff - if it is not raining based on ur experience how else one can test that?

I think both of your strategies have merit, but here’s my take based on what you’ve laid out.Moving to a rent-stabilized apartment and renting out your condo as a mid-term rental could be a smart pivot, especially with its location near a hospital and LGA.

Reaching out to the community to make sure I'm not off base here to immediately think to decline this offer.  

My answer for you is not based upon your Sub2 question primarily.