If you are going to also conduct business in the outer boroughs, Long Island, Westchester and Rockland, then you'd need HGAR. 

Be consistent with your lead generation efforts.

However, it's important for landlords to apply this question consistently to all applicants to avoid any mistaken appearance of discrimination. ~ Ran FRIDMAN PROPERTIES FAMILYI don't think you mean this literally, because treating everyone like family is a recipe for disaster!

I recently heard from my tenant about consistently high water bills—over $1,000 each month.

I know its expensive but you will be well protected :)Or you save a lot of money and be better protected by doing this consistently and well:-carry appropriate types and amounts of insurance-sign contracts with indemnification provisions- obtain all necessary licenses and permits to operate your business-ensure all vendors/contractors are licensed and insured and list you as additional insured-sign well drafted and fair leases and be a responsive landlord -be an active owner or hire an active PM  who avoids or at worse timely eliminates premises liability exposure The strategies you often read about are sold by alarmist asset protection companies who fail to disclose how impractical they are.

AKA attorneys are hired to draw up/revise/review and sign contracts with their clients, in NYC and Long Island: Attorneys are also the ones that handle ordering title searches and etc. 

Looking forward to staying consistent & closing my first deal in the next 3-6 months.

If the foreign tax obligations is $500 and the cost to file the C-Corp is $1000.It may potentially not be worth it.How does the cayman islands tax rental income from the US?

I am considering MF solely owned properties first only because of consistent cash flow. 

We just got it online in March and have had pretty consistent rentals, but are doing more direct booking than with Air B&B (through networks).