Once you add that 3rd & 4th night to the cost, it's too expensive for those types of groups.

Not only are Queens and Brooklyn the busiest Counties in terms of activity (new listings), but they also have some of the most competitive investors in our market.Properties are selling for 8.5% more than they were in 2023, showing us just how desirable the borough is.With its proximity to NYC, numerous public transportation options, and overall vibe and attraction, it is no wonder why the popularity has been reflected in the buy-and-hold rental market.

Lower interest rates would certainly make projects more attractive.It'll be interesting to see how lenders balance the need for risk mitigation with the opportunity to capture a larger market share by offering competitive rates

I don't think the "final" cost are the same or even close but I could be wrong. 

Similar to what's included in this post but comes preloaded with costs and requires only minimal measuring.  

Its a great way to blend investing and saving on cost of living in a pricey market. 

The more you leave open on the front end, the more likely your contractor will increase costs throughout.  

If you borrow 100% of the purchase and rehab costs your ROI will be infinite and it doesn't matter if your profit is $100 or $100k.

I do have an umbrella policy to cover all my assets but that has nothing to do with what replacement cost is to having full coverage on a property.ThanksDaria

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