One of the first deals I had (multi in an up and coming area) my buyer was paying cash and the deal was solid.  

What made you interested in investing in this type of deal?

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

We've sold 65+ homes and the biggest request we get from our Buyers is help with closing costs.Most of our deals we're providing anywhere between $5K-$10K to help Buyers offset the cash requirement to purchase a home.Even in today’s "high" interest rate environment, many Buyers prioritize closing cost assistance over an interest rate buydown.

The deal doesn't work as well with higher interest rates.

Ask the manager to explain their process for dealing with maintenance, late rent, evictions, turnover, etc.

Owners pay not to deal with problems.

Since you're open to markets beyond NYC, you might want to connect with local investor meetups or REI groups in those areas to build relationships with agents, wholesalers, and lenders who understand the nuances of each market.If you're looking to break out of analysis paralysis, maybe start by narrowing down one or two target markets and running numbers on actual deals.

This might sound silly, but an old fashioned spreadsheet if you only have a deal or two.

In our client’s experience, landlords often receive only the government portion, not the tenant’s portion.