Is there a reason you were specifically interested in that area? 

Material Participation Activities:
Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.
Contractor Management: Oversee the hiring and coordination of con...

Not that it’s a bad choice but what’s your reason for choosing there.

A large asset base for some certain reason?

Hi Charlie, I actually have some nice Irvington rentals an investor is looking to sell off market.

This is one reason that people have been saying cap rates would be going up because why would you buy RE at a 5 cap (5%) when you can take that money, in todays interest rate environment, and invest it in safe investments that take zero of your time and don't have unseen expenses, and get 5% or better?

I want to understand what benefits it truly brings since seems like my insurance probably would go up after they get transferred.Another reason I'm looking into this is because I've been trying to add my Property Manager as additional insured, but my current company (Citizens) won't do it.Thanks everyone!

I have a friend who would has experience that would actually build the house. 

The issue with using comps on any type of software, especially propstream or dealmachine is that they tend to use an "estimated value" of the homes that they are using for comps, not actually comparing to what has sold recently in the area or what is currently listed, not accounting for DOM (day on market) or other market shifts that play into realistic valuation of a property.

I'm looking to purchase my first STR for under $600K and I'd love to find something somewhere where I actually enjoy going for any repairs and maintenance.