I use some tools to help automate a lot of it.

Which tool did you use here?

House-hacking is definitely a powerful tool here.

You already have some tools in your toolbox....no pun intended.While you wait for feedback and mentor connections, below are some links to get you familiar with the site.Now, you simply have to work on the other elements to progress your REI pursuit.Ok, now that you have taken your initial step, below are some quick links to get engaged. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/invitesREI books suggested by BPershttp://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

However there are ways to transfer the title into a business entity or to you using a variety of strategies that a good accountant and qualified intermediary can show you.The bottom line for you at this point is that it is possible to do what you are suggesting and is a powerful tool to re-position the equity from the NY property into something that cash flows better for you.

Just because a house isn't on here of course doesn't mean it wasn't used as a lab- but it is one more tool in your toolbox for research.

Under the Tools menu, select Rental Property Calculator.  

I can PM you a free tool that will quickly analyze properties for you.

@DongHui Patel if you decide to save yourself significant money by not hiring a property manager, below are important points to know about self-managing:Research local regulations to figure out what you need to do to have a legal STRResearch properties near yours on Rabbu, Airdna, or directly on Airbnb to figure out what amenities sell and what you can add to stand outHire a professional photographerImplement a pricing tool like Wheelhouse, Pricelabs, or Beyond Pricing.

It’s my number one favorite tool I couldn’t really function without.Hope it helps!