I can not imagine you'd get a permit with "just a box drawn on the site plan".....nothing showing plumbing, electrical, structural elements, etc. meet building code.

.- Execution: In current market conditions, of lower inventory and higher demand, timing is essential.

I know on resident leases you can add a new addendum on the lease at renewal time but our management agreements don't expire they continue forever essentially unless either party gives a notice to terminate.

Second, **flexible terms** and clear communication about rates, fees, and loan-to-value (LTV) ratios are essential to avoid surprises.

You can also ask the tenant to sign an estoppel, which essentially has them verify the rent they are paying.As for expenses, the main areas where they can go awry include property taxes, which you can determine on your own; the mortgage, which you can also calculate; insurance, for which you’ll have a quote beforehand; and utilities, for which you can obtain the bills from the landlord.

They essentially protest your property tax and then you just pay 25% of savings.

I would imagine operating in NYC right now is essentially playing with fire.

Getting to know the towns, neighborhoods, streets and actual properties is essential and far more important than just one town name versus another.At this point, you don't know anything about your future tenant, so I wouldn't assume they are trying to get to the city.

Last cleaning cycle, I had two of my properties with disconnected/damaged vent ducts that essentially vented the dryer into the basement (in one case) or the attic (in the other case).  

These connections will be essential as you begin identifying growing markets, securing land deals, and navigating new construction loans or cash investments.