@Randy Dargan I still don't really understand the desire to BRRR properties, especially in these currently high market prices.I was explaining this in another forum but here goes:ARV of $140Refi at 75% - $105,000 gross (will have fees associated)Loan terms will likely be 20 yr am, if commercial, and in the 4.75% rangePrinciple + Interest =                 679Management Fee =                    140Vacancy 5% =                              70Repair reserves =                        70Capital reserves =                       70Taxes (Using Delhi @ 80k) =       170Insurance =                                 50Total =                                   1,249Free Cashflow =                         151Annualized cashflow-              1,821# of years to make back 40k from flipping, 22 yearsTax benefits will vary in value to each person. 

@Alex Brown Check to see if there is a Short Term Rental Owners Association in your area.

Dennis McMillen with McMillen and Associates is who we use.

I will recommend my agent, Jeanne Chelston at Dickstein Associates Insurance Agency.

One thing thats attractive about owning a property in California is that we are not obligated to pay maintenance to a coop which eats from the cashflow, however, that said we realize there will be maintenance expenses associated with owning any property.]7.When considering your ROI in selling your co-op, also keep in mind that in NYC, you, as seller, will likely have to pay NYC and NYS transfer tax (buyer would likely pay "Mansion Tax" if the sale price is $1M, but everything is negotiable).

Do you have to be active, retired, in some way associated like via spouse in order to bid and buy?

You will pay a higher premium for that privileged.Now I am not speaking as an insurance agent but President of Illinois REIA.As a Chapter of the National Real Estate Investors Association we have access to online quote service that does list billing and invoicing in arrears.  

No doubt you work very hard to make that, we have some associates in Baltimore flipping properties at public auction making between 30 and $50,000 per month.

My area has comparable prices for condos, but they all seems to carry $300-400 association dues.

Are you associated to rehabdaddy?