They are exceedingly rare, thus very expensive, but I believe they represent an excellent long term steady income and store of value.  

Essentially gamifying the learning of real estate jargon, terms, laws, etc!

How long does this period last in New York, and how does it impact the auction?

Hey Henry, my main market is Augusta, GA focusing on small multi-family with midterm/short term rental strategies. 

How long does that take?

Any brokerage can be the right fit for you so long as you commit to taking initiative and putting in the work.By 'work', I mean income-producing activities (lead generation and follow-up) i.e. cold calling, door-knocking, contacting your sphere of influence, networking, hosting open houses, running online advertising, marketing (paper or online), or anything else that will get you in front of prospective clients.My first broker rarely answered my phone calls and by the time she responded, I'd often already have the answer I was looking for.

But if you are operating a single unit, realistically how long can you wait for that tenant to be caught up?

I'm m focused on staying disciplined and maximizing cash flow, so your suggestion on BRRRR and DSCR loans is especially valuable as I plan my long-term strategy.

Be clear on terms—percentage of equity, profit-sharing, and exit strategy.

As long as they don't have history of aggression, I won't have the liability.