The challenging part with New York is that most buildings in the areas I want to live in are older so while I would be house hacking, I worry there will be more maintenance issues along with the higher fees / taxes / etc that make me hesitant to do this method.

If you’ve spent any time in Los Angeles, you know the drill—finding a place that is actually high-quality, community-oriented, and AFFORDABLE feels almost impossible.We decided on the co-living model, starting right in our backyard near USC.

Quality over quantity.

https://www.biggerpockets.com/forums/12/topics/1122318-quality-turnkey-companies?

Are there certain specific qualities you're looking for or is it more of a gut feeling? 

It makes it hard to feel like you’re getting an impartial look at the asset.My client is looking to start a boutique operation in January that’s built on transparency and "real-world" quality rather than just high-volume churn.The goal is to do things a bit differently:Total Transparency: You’re free to use your own team.

Investors that do have experience will have great crews, get things at more economies of scale (because of volume and efficiency), and operate on a tight schedule with rigid standards of quality control.

Their vendor quality was hit or miss too, sometimes fine, sometimes overpriced or sloppy.The rent guarantee sounds nice, but that risk has to be baked in somewhere.

@Suraj Guptha  What most people miss is the quality of the underlying investment.

A quality cost segregation company, with the correct information, will also tell you if this strategy makes sense or not.Best of luck!