In my view, the value is in the professional or the firm being there if the IRS performs a compliance check.

I would like to share the information here, and hopefully someone can learn something new or points to a right direction to answer your specific needs.Below is what I learned today: (**Disclaimer** Please use this as a guide only since I am not a professional CPA or expert in NYC tax codes.

It is typically much easier for you to buy "turnkey", however in my experince you will buy better quality from an owner who occupied the property than a hous that has been professionally flipped and the remodelling has been done skin deep.Cash and quick closing is not always an advantage.

If you still can't find anything then turn to sites such as HomeAdvisor and WhtsWht to connect you with a professional and get your projects done. 

The reasons being: 1) rental is professionally cleaned after each use of usually 2-5 days; 2) both Host and Guest are given Yelp-type ratings that everyone sees. 

I don't know anyone that is working down there professionally.

Hi EveryoneI am a professional short term rental operator of 5+ years; nationwide.

We like to stay for years, do most of our own maintenance, and the unit is deep cleaned and professional maintained consistently.

@Skyler HarrisAnother professional engineer here in the mix, although admittedly I haven't practiced pure structural (picked up a few projects and clients over the last 2 years). 

I would hope you could a quality professional there.