Hi @Allan Glass and thanks again for your input, I definitely appreciate it.Im still grappling with your advice though, as I see the potential transaction as simply rebalancing of a portfolio from an asset that has outperformed and I feel is fairly to overvalued into one that is actually undervalued and has a higher chance of appreciation.My sale of the NY property will also allow me to escape a taxable event (as I actually resided there for more than 2 years, the expected tax benefit of which is $45k)With that in mind, do you still recommend sticking with the property in NY long-term?  

As far as I can tell, the only lien that may stick is an IRS lien and that only sticks for a short time(90 days?).

They (a couple) stick to a neighborhood (not trendy areas, but descent working class/being gentrified/peri urban) and simple buy, rehab & rent.

There are exceptions to the rule, but if you stick with the business long enough, you'll learn those exceptions are few and far between.You're better off investing your time in networking and getting the word out to agents that you are a performer, meaning you close and don't complain.

If that is someone's intention, to buy cheap, fix cheap and upkeep cheap, yet collect that rent and do their best to not stick anything back into the property, word gets around and the inspector's office can easily make life very uncomfortable.

So beat me up if you want, but its my plan and Im sticking to it!

Just stick to it.

Don't listen to naysayers, don't listen to 'get rich now' Sayers, stick somewhere in the middle.  

Honestly, I'd stick to LT cash flowing rentals, and if you want to rent them as vacation rentals if you are able, cool.

The interlocking is waterproof versus the vinyl plank you stick on is water resistant and can come up later the corners etc.