At first STR’s were highly profitable in Gainesville until the number of available Airbnbs went up which in the non peak months drove down prices.

Hello All,I just thought I would introduce myself, my name is Cyndi and I hope to learn a thing or 2, about real estate investing in a very high cost area. 

It does also cap rent increases to no more than 8.5% which while annoying (probably most especially in NY, where price of living is high), does at the same time help the tenants out as well as helps stop tenants from leaving for no reason other than huge rent increases. 

My insite is based upon the type of high quality service I provide. 

I suspect that until I get both investment properties fully leased that my debt to income ratio will be too high. 

Furnished for around $15,000 and pulls in an average of $1,000 profit a month with super high earnings coming in February-April.

Your credit and the income that the property produces will be a big component in how high of a loan to value you can finance. 

The cost to rehab was too high. 

A high yield or higher than average interest rate would be ideal but that is my main concern.Thanks

Syndications are EXTREMELY risky investments suitable only for highly-experienced accredited investors who can appreciate the risk both to their principal in the case of bad planning or a scam AND to having their capital locked up for 5 years+.