You may want to read up on wholesaling as a way to generate some capital.

Be sure to explore all around the forums as well as many of the FREE tools that Bigger Pockets provides.I am on the lending side of things and am always happy to hop on a call to discuss loan options that are out there, even if not offered by my resources.

My vision is to keep it a while (it’s paid off) and use the cashflow to help with my kids college.  

My goal is to place tenants soon and then move on to my next investment.While it sounds straightforward to rinse and repeat, now that I have this property, I'm wondering what my next steps should be.

Pretty easy to make 2% or more when you're spending that kind of money.

Trying to make sure seller isnt pushing this seller financing without us knowing something they do.

Final thought is to make sure switching lenders doesn't blow a contingency and sink the closing that way. 

@Omar Fernandez - you can start by reaching out to some attorneys, NYC is an attorney city so you'll have to get an attorney involved (who usually orders the title search). 

All make-readies and work orders are assigned to him.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.You need to get a firm grasp on two things: the ways to make money with real estate, and how to find deals that match your goals.P.S.