Great questions @Benjamin HeddenThe closest to 10% cap rate I'm seeing in NYC these days is a 5–7% — usually in emerging parts of Brooklyn, Upper Manhattan, or the Bronx.Just a note — anything above 7% cap in NYC usually means significant deferred maintenance, tenant issues / rent-stabilized mix (with election of Zohran - best to stay away from stabilized buildings bc of the new mayor's rent freeze policy), higher-crime area, or mismanagement that needs a value-add.These last few weeks, many people are approaching me with a $500K-$1M budget.

(Let me know if you're interested and we can discuss an off market deal) Support a change by incouraging people to vote in their local elections That ain't gonna do anything.

You have to live in the ward to vote in the council member election.

I emailed Mick Wright with my grievance and he responded saying the "[Shelby County Clerk's office] is a separately elected office that does not report to the county commission, so there is little I can do personally to directly implement the needed policy changes. 

Single member LLC formed in the state where the property is located or electing partnership status if there are multiple members is all that's necessary.

Because the board has the power to set the rules, it is clear that a new board could reverse the rule banning STR's, so we are currently trying to get a majority on the board through elections. 

Assuming the occupied unit recently qualified the yearly section inspections, and if the tenant elects to stay on (lease ends May 2026), I would have them stay as long as they desire and explore if there is any room to negotiate modest/fair increase in the rent.

Hi @Stan Koper I lean conservative, It is very unlikely I would vote for newly elected mayor of NYC in my life time.

When nothing in our Buy Box presented itself by the end of that year, we elected to focus on savings and remain patient.

I am a big proponent of real estate over next decade, especially with a president who loves real estate.