There must be an egress in all sleeping areas and make sure the listing states it's a sleeping loft that is not a true bedroom.

There is a reason we lenders require "skin in the game" and experience.

The challenge is knowing if the listing agent actually tells your offer to the seller or not.For example, if a distressed property is $650k and you want to offer $620k, the listing agent says the lowest the seller may accept is $645k, but is that actually true or made up because the listing agent wants their commission?

Sounds like a nightmare come true, sorry you had to deal with that mess.

Whether your statements are true or false, whether we have evidence to support or deny a claim, it will never be something blasted on the internet.

This can be a game-changer for fix-and-flips, buy-and-hold investments, or new development projects.For lenders, it can mean earning higher returns, often in the range of 8-12%, backed by the property itself.

Why don't you share your info and your background and how many deals you have done in the land game.

Should I re evaluate what strategy I should use and maybe look further out in places such as Rochester and BRRR properties out thereHey @Jared Leggett, I know I'm jumping in here late in the game, and I have to admit that I haven't read all the many comments you've gotten, but I wanted to provide what I imagine and glean is a contrary view.It is easy to dunk on NYC for young investors starting out, but if you are a first time homebuyer you can buy a $1M property with $35k down (+ closing costs which can be avoided with seller's concessions).

I'm pretty new to the game and would love to get some advice from more experienced investors here!

Without factoring in tax benefits and principal pay down, you're $1800 ahead of the game by house hacking.