Schenectady NY owned property.

[Penelopy Savory]

Desperate for information here. I'm currently trying to put in an offer for a city owned property in Schenectady NY. There isn't much information about requirements available on their website. I did notice the owner-occupant have to own the property for five years before selling. I was hoping to go more the investment route but the realtor I'm working with says that same five years rule apply to investors too. Has anyone flipped a city owned property? What is the time period of ownership they gave you?