If you think of audit-proof as avoiding an audit - then no.

All to avoid paying a PM.  

Hey Rosalie,I'm a real estate broker based in NYC and Long Island, and there's more than one way to go about this:1) Selling the property with the current tenants lets you avoid the headaches of NYC tenant laws and keeps the cash flow intact through closing.

It keeps execution risk lower, avoids tight appraisals and draw headaches, and lets you move quickly without DTI stress.

This informal step avoids nasty surprises later. 3.

He’s a machinist with plans to start a flipping/construction business once the STR covers the mortgage.As I start earning commissions, I’m trying to figure out the smartest way to allocate money between:- maintaining personal cash flow and stability- investing as soon as it’s reasonable- avoiding lifestyle creep- keeping flexibility for a future moveFor those who started as agents or built active income first:- How did you decide when to start investing vs holding cash?

Avoid large national banks - they will make you regret trying to work with them if you do. 

I want to make sure I’m analyzing these deals the right way.Any guidance on how to identify the right type of property and avoid wasting time on deals that will never pencil out would be really appreciated.Thank you.I've been flipping for 30 years.

I already spent the last decade doing leveraged appreciation, and the idea was to have this slice of capital function more like a real-asset income floor as I head toward retirement.For me the priority is: Income I can live on without relying on rent growth No dependency on debt markets, refinancing, or credit conditions Avoiding sequence-of-returns risk while drawing income I get that moderate leverage (60–70% LTV) likely wins on paper over time.

Had we seen one of them, we would have selected another tenant and avoided a disaster where he is not paying and we are going through appeals and eviction.Even the income reported by Zillow turns out they report what the tenant submitting the application provides - not a value that Zillow verifies.