Read the statue & understand the sale procedure.  

Try to avoid companies or individuals that have an introductory conversation then "throw you over the fence" to a local rehaber or property manager to "seal the deal".it has been my experience over the last 11 years investing out of state that systems and procedures are critical and having a great team on the ground will help make or break your success. 

Real estate agents, mortgage lenders, title companies and escrow companies are familiar with harried changes to the HUD-1 closing statement and to mortgage documents, which changes often lead to aggravating delays and additional costs.As of August 1, 2015 our closing table dramas are scheduled to come to an end.The Real Estate Settlement Procedures Act (RESPA), Federal legislation enacted in 1974 to protect consumers from unscrupulous and confusing real estate practices, is changing in several significant ways.

What I learned was that basically PM is all about policies and procedures and definite structure.

After the class, I had the clearest understanding of the entire procedure involved and I strongly suggest even experienced wholesalers take the class.

It just helps you to get better. ........write that stuff down (what worked and what didnt) so that you form your own policies and procedures.

It would be a standard condo conversion (though I'm not sure if it is procedurally any different in NYC than in other places).Before considering the occupants of the building. 

These last ditch transfer efforts will only by then days or weeks, but obviously Bankruptcy's will provide them time to use the procedure to work themselves out of the situation, or months of additional time until the next auction is scheduled on the property.

Any suggestions on what precautions and procedures i should consider when it comes to section 8?

The courthouse does provide information on bidding procedure.