I agreed to send a model unit to his city so that he can have his engineers and architects inspect them as well as have an open for potential residents.

In this very simplistic model, it seems to me that is the point at which to sell. 

Due to the new law, we've turned the building into more of a WeWork model as it's not worth the headache dealing with evictions in NYC. 

If someone has a good realistic Investing model and takes action over the long haul the changes go up that they will make it. 

@Conor Moran are you open to investing in markets outside your immediate area if it were a syndication based model, where it didn't require any of your active time or management? 

Also, experienced operators hire PMs based on their experience operating with inside their specific business model.

@Joe Crupi my thought is that the market for that is small, because once you are making higher than average salary the roommate model loses a lot of luster, and if it doesn't it is unlikely that you are also the kind of person that cares about being in a luxury property.

I had looked into their program but I thought it was costly based on my business model as I do some of the workouts etc.

Interestingly, different successful models can exist at the same time in the same area under certain circumstances which makes it even more confusing to the novice.

@Scott Lyons  SDIRAs for Real Estate is supposed to be used for passive income which this model fits.