I believe the price points of the apartment units will dictate appliance specs/packages but appliances are something I always upgrade over those offering competing units.

It’s about understanding what each neighborhood offers.

Additionally, many states offer property tax exemptions, significantly reducing expenses.

I use the fix and flip tab and it's great it tells me my allowable offer and all the tools are helpful!

At the time, just about everything was going for much higher price per square foot and with multiple offers.

As a student without W2 income, you may need to show alternative income sources like savings, freelance work, or a job offer.

Instead of jumping into an expensive Long Island market with negative cash flow, consider investing in a Texas market like San Antonio, Houston, or DFW suburbs—these areas offer strong rental demand, lower property taxes than NY, and better cash flow potential.

It will depend alot on the number of beds offered and the size of the home overall; do you have enough indoor and outdoor seating for 9 guests?  

But, it may not offer the ROI as other locales, and it may not be "fun" like buying in a favorite vacation spot.2 - The highest ROI folks - Self explanatory, will go where ROI is high and/or regulation low.3 - The second home/retirement minded - These people are looking for minimal ROI but want the house in a specific location because they like to use the property and want it to pay for itself.

I'm just going to offer my opinion on Arbitrage in general.