Market Selection Criteria: To choose the right market, consider factors such as:Economic Growth: Look for markets with strong job growth, a diverse economy, and increasing population.Rental Demand: Identify areas with high demand for rentals, which can be indicated by low vacancy rates and high rent-to-price ratios.Affordability: Ensure the market offers properties within your budget that also meet your cash flow and appreciation goals.Property Management Quality: Verify that there are reliable property management companies in the area to handle day-to-day operations, especially if you are investing from a distance.Comparative Market Analysis: Perform a comparative market analysis to compare potential markets.

Out of state Investors who have appetite for the NY area market and surrounding should reach out. 

Even if you hire a professional to handle it, there's no guarantee your property taxes will be commensurate with your actual property value.

We also try to identify hot prospects in areas subject to waitlists for those that intend to personally utilize the property for vacation usages or rent mid term (30+ days) until a permit can be secured.

You said it cost more to transfer from personal to LLC after the sale. 

It will probably only get used during the winter. and I can see some maintenance issues too with all that moisture inside it would be easy to get mildew or mold growth started if it is not maintained properly and often. also it is traditional to follow up your time in the sauna with a dive into a nice cold lake (or pool), or at least you might want to have a cold outdoor shower nearby. personally I would spend my money on something like a hot tub before I bought a sauna.

Personally, I would give them notice of termination and start fresh with a new renter that I've personally selected, using my lease, at my rent rate.

It’s a personal question in many ways.

all but the 10% of reno costs up front have personally seen that one.. pricing is for sure regional..

One person took a new cooling pillow and replaced it with their crappy old pillow.