(depending on the lender this will be 6 months - a year)  If you're able to find off market distressed deals you can still find reasonable cashflow but still have the appreciation benefits of a bigger market.At the end of the day, it boils down to what your appetite and long-term strategy is.

One of the benefit amount others with S-corp you can take a paycheck.

In fact, I've had VA buyers get back money at closing because they asked for a large seller credit in their offer.Personally, I'm house hacking in Belmont Cragin and open to sharing my experience.

I don't believe in generational wealth, and I don’t intend on having kids but even then it seems like the traditional way of doing things is to wait to reap the benefits of ultimate cash flow and equity when I’m 60!?

I have a 5 year balloon (Feb 2029) to refinance to take the loan off of the seller's credit.

In many states (sadly, my state is not one of them) you can do an "Assignment of Benefits" at closing and the owner can sign over insurance proceeds--I don't know if NY allows AOB or not.

Here's what I see the benefits would be.1.

You are required to report worldwide income.You would have been required to report the income even if you did not get a 1099-K from airbnb.Depreciation is reported diferently for properties that you own abroad.If you have more than $10,000 in US equivalent, you would be required to report the bank account info to the US.There is likely a US - Kenya tax treaty that you may need to familiarize yourself withYou may get a foreign tax credit for taxes paid to Kenya(to avoid double taxation)

If the property appreciated in that time you get the benefit of the appreciation.

They weather the down cycles through good fiscal management and reap the benefits on the up swings.