Hopefully someone with more tax knowledge than I will chime in, but as you can imagine, they are busy this time of year.  

How much knowledge do you have on US real estate? 

Local knowledge can also improve investment outcomes.

Seemed like a nice and knowledgeable guy.

In contrast, private lenders focus more on the value of the asset, offering faster, more flexible loans for projects like fix-and-flips or rentals, which can be crucial in time-sensitive deals.It really boils down to your priorities and preferences.

Knowledge is the only way to invest profitably in any market.

However, you should always do some market research, talk to an attorney, and be knowledgeable about the law in NYC.

I can appreciate that advise but being a Realtor and and My Dad being an master electrician (with a much broader knowledge base that goes more into being a GC without a license - and no we won't use him as an unlicensed GC) I feel pretty confident that we can do our first flip and be successful.

We are currently experiencing another downward push on rental prices (we are continuing to reduce rents), an increase in vacancies, and an increase in time to fill units.

If an operator is not responding to you adequately - in timing or quality - prior to you wiring them $50,000, you have to ask yourself how will they respond after they already have your money?