Prices have gone up a lot here, and so buying to rent is becoming non-viable.

Once I start getting applications returned to me I set up showings, both individually and usually 1-2 open house style options.

Easy to get someone on the phone, which is a big one for me and something I am willing to pay a reasonable premium for.

Probably the same reason hotels sell their unbooked ADA compliant rooms at a discount. 

Or, dog bowls, dog treats, toys, doggie bags for mess clean up in yard, etc. 

Since you and your wife lived in the condo until September 2021, you can sell it and potentially exclude up to $500,000 in capital gains (as a couple) if sold before September 2024.

Be prepared to set up a viewing ASAP and be ready and able to make an offer quickly.

My calculated cap rate is 4.73%.I just finished a full foundation up remodel on our primary residence, we owe $1.22m at 4.25% on a 30 year on the mortgage and have a private construction loan with a balance of 490k at 5% on a 20 year.  

Many people are suggesting to do a 1031 but have no idea what your gain / tax is(if any).Co-ops in the tri-state area 'normally' don't appreciate a crazy amount.The main reasons is the high monthly maintenance costs, over-leverage of the board, potential difficulty of buyers getting a mortgage and the approval process of the buyer.With that said, talk to your CPA to discuss what your gain / tax would be before thinking about a 1031 exchange.If your tax burden is low, don't bother with the 1031It may be possible that you have suspended passive losses to cover your tax burden.best of luck.

OOS investing is definitely not as easy as it looks - it's not click on the Zillow button like you're buying index funds (it may have been in 2008 to 2021 but not in 2023 going forward).