Russ Morgan & Joey Mure – Founders, Wealth Without Wall StreetTopic: How to Use the Passive Income Operating System to Escape the 9–5See how to install a simple, scalable financial system that replaces your income and gives you control over your financial future.

Also, it is good practice to have a buffer between you and the buyer (or their agent).

Co-op tenant requirements have pros and cons for New York real estate investors...Pro: You're more likely to get a high-quality tenant by having strict guidelines.Con: It could take you longer to fill the vacancy.Overall, investing in co-ops is tricky because your cash flow is subject to things that are out of your control i.e. the community within the co-op, monthly maintenance charge increases, co-op board decisions affecting residents and shareholders, etc.If you're hoping for appreciation, I'd recommend using StreetEasy.

I'd like to take control of the house, pull money to renovate and rent.  

Never buy in an area that practices rent control.  6.

I've also been in some buildings that would require pretty significant work to the HVAC units to have the controls and such be separated and functional also. 

For property owners, it represents a practical way to generate passive income, enhance long-term asset value, and align with sustainability goals.

The crime rate is very high and the property tax is out of control 

But knowing your local market and having boots on the ground is a big advantage, especially when you’re just starting out.A lot of people mitigate the risk by focusing on better neighborhoods where tenant issues tend to be fewer, and some just factor extra reserves into their numbers to cover longer vacancies or legal costs.There’s definitely a trade off between control and convenience in your backyard versus friendlier laws out of state.

Rent control on MF limits rent increases.