Have you considered just keeping your duplex wherever it is and hiring a property manager to manage the day-to-day operation? 

I've well aware of the local licenses required for STRs but my neighbor (also operates an Airbnb) informed me that those licenses can sometimes take up to 6 months or more to get approved.

@John Teachout There is a new solid core vinyl that is just butted up against the baseboards and to each other.

September is about the end of the core season, moving into the shoulder / off season.

I think one of them would be a Subject To agreement from your brother to an LLC/partnership that you and your brother create that would allow the loan to stay in his name but the LLC would operate the property and earn the cash flow. 

🤷‍♂️And although I didn’t realize it at the time I was learning how to operate a business!

Plenty of bad deals and bad operators I see pitch deals every day.   

Hi all,When operating say a ~50 unit multifamily with single water meter, what are some strategies that can be used to offset water bill onto tenants?

Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services.This also leads them to ASSUME a PMC manages ALL property Classes the same and simpler is better when it comes to management contracts.

Hi,I am looking for a real estate lawyer either in NYC or Jersey City to draft up an operating agreement for a multi-member LLC but having a hard time coming across one.If we can use the same lawyer for closing on a property - that would be preferred.