We build something of high value, like a lead management to replace a spreadsheet, or an automated document merge/eSignature system for contracts or propsals. 

There was also a part of that law that enacts rent control anywhere in the state, which may affect your plans.Make sure any changes you are proposing to the contract are compliant with the "new" New York State housing laws. 

It is a lot of work and I understand you want to "pour some gas on the fire" but likely you will just be setting cash on fire.Good to know thank you! 

The landlords solution is to make us all “owners” by creating a lease option to purchase contract. 

Only cash or cash equivalent contract considered.

It was listed on Zillow for $110k and we made a low ball offer at $90k, ended up getting under contract for $95k.

Apply the 70% rule to determine your maximum allowable offer, then negotiate and get the property under contract, ensuring your agreement includes inspection and financing contingencies.Arrange professional inspections to uncover any unforeseen issues, using these findings to negotiate concessions or confirm your repair budget.

In most cases no need to form an LLC until you are under contract with a property and know you are moving forward.

We're under contract to purchase a SFR new build listed on the MLS as having 2BR.

All these statutes supercede any written contract between landlord and tenant.Now, if they stop paying, then you do not have the restrictions above.