NYC has strict laws for short-term rentals, so make sure you do your due diligence on that.I’d be happy to share any insights and keep the conversation going — feel free to reach out anytime!

Federal law supersedes local law.  

q=copa+law+nyc&rlz=1C1GEWG... 

The favorable leverage, when used responsibly, can be far more impactful than immediately titling a property in an LLC.If the purchase will be strictly an investment and FHA financing is not available, acquiring the property in an LLC from the outset is typically the better approach.

Newburgh City and New York State are extremely strict and the law seems to keep changing.

NJ is more strict than Texas. 

I think you have a bit more leeway to look for a good fit for a tenant when you live in a unit rather than strictly following your criteria. 

I know MD changed some laws recently.  

I’ve completed a few flips over the past two years and have been a PM for a while, and I’m now focusing more on building a long-term rental portfolio.I’m currently trying to find the right balance between buying rentals strictly for cash flow versus pursuing BRRRR-style deals.

If you want to get fleeced, use your best friend's daughter-in-law that just got her license.