I have a professional maintain it, and it is a charge (in the rent) not a line item so it's 'included' as my LTR is also in an HOA and I do not tolerate lazy/ non compliant tenants.

- What professional is best to seek advice from- attorney?

One of the most important roles your PM company provides is knowledge on the legal side of leasing at a national, state and local level.

I’m fine with this, for now, as a long-term investor.I don’t believe our current situation would enable us to qualify as Real Estate Professionals, which would result in massive deductions.

My opinion for those that live in a high cost of living market is to continue living / renting in that market and invest in a different market that is affordable and provides both cash-flow and appreciation potential.The reason to stay in the HCOL market is because you will be paid(hopefully) a nice large salary.You can take this salary to then 'easily' invest in other markets.NYC is tenant friendly which can be a con for investors.Furthermore, NYC has appreciated historically.

Additionally, income from an active business inside of a retirement account will be subject to UBIT (unrelated business income tax), so be sure to consult with a qualified tax professional about the implications. 

TIA Roberto - There are many underwriting books and educational content that you can review to provide great information.

You then file the annual report each year and continue to fork over another $500 annually.Next "cheapest" will be legal zoom or a similar service, I believe they'll help roll the registration with the state into the start up package.I use "cheapest" in quotes - the primary purpose of an LLC is typically to provide some level of asset protection. 

He has not provided any copies of utility bills and apparently is the "gardner" that is billing them $200 a month. 

Hey Trevor, if you want true turnkey you should be ok paying market rate or slightly higher.Also know that your turnkey provider is likely referring out the property management.