Half the team focuses on long term rental management and the other half focuses on short term.

I have seen it but its very short term and you are still going to need considerable funds to refinance out (6-9 months reserve etc.).

If a syndicator finds a lead through social media and then does not perform as expected, then I am more apt to use said social media to air my grievances...  

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

Melisa Justice, and she helped me navigate the entire Journey, it was a process not too long, it took about a month, and the process would have been definitely very hard being that I was on a different state by Melissa made it a lot smother, she was very responsive to all my questions (and I had a lot of questions), she helped me find a lender that would fit better for my financial situation, once I was pre-approved she connected me with the right property inspectors, and all through out the process she kept in touch pointing me the right direction all the way until closing day, all this to say I Definitely recommend her for any body the is finally ready to take the plunge and get started with their real estate carrier, I definitely will get in touch with her when I'm ready to buy my next property!

@Konstantinos Lembesis If you search for posts using the city as your search term you will find many discussions that should give you more context than you might gather with a single post.

My concern is the the long construction time and rising interest rates.  

I have an opportunity to make a quick 30k in equity, but only cash flow around $25 — if I look at long term appreciation, that seems to make sense to me, but am I overlooking something and trying to make this work?

It may be possible for the homeowner to talk with their lender's workout department and negotiate terms to pay off the arrears, penalties and late fees on a new schedule. 

In real terms you would walk away from an investment long before a primary residence and therefore most banks will not allow it for anything less than 10%.