New York isn't an easy place to find deals, but if you keep at it and are patient, sooner or later something comes along!

I'm a fairly patient person so I generally don't mind waiting unless it is very difficult to find properties using 10% COC (with 25% down) criteria.  

No doubt they they will get it resolved you just have to continue to be patient.

Here is a part of the letter, I sent to the seller:The home inspection was completed on September 29th (please see attached) and the following issues were pointed out: 1.The wooden floor frame in the middle unit is deteriorating due to either prior water leak in the bathroom or due to moisture infiltration through the walls and foundation.2.There is evidence of significant settlement under the middle unit bathroom and north closet.3.The settlement of the floor and walls has also resulted in settlement of the roof frame above this area, ceiling shows cracks.4.There is an obvious depression on the roof – water is ponding on the roof above the middle unit, which adds excessive weight on the roof and potential for leaks.5.Asbestos containing material has been found.6.The current bedroom heat installations in the north and south units pose a safety hazard from carbon monoxide, fire and oxygen depletion.7.An electrician performing upgrades did not use ‘arc fault breakers’ in the north and south unit breaker panels, which is required by the national electrical code.8.Upgrades to the electrical system, promised by a real estate agent, have not been completed yet.

My personal funds are now patiently waiting for the next cycle, but have a few target types already ;) My personal real estate goals are long-term. 

It took me 6 months to build my team the last time around, so I am very patient and willing to spend many months building up a team if I can find the right place to flip in cash using $50-75k in cash.

So instead of relying on any money for back rent I patiently waited HALF THE WINTER for a tenant.

And periodic inspections, and posted license details, and conform to regulations for safety, etc, etc.

Safety come with a price the same as taking financial risks or being on welfare.

Hey @Christopher Stover--You're in a tough place for this, but it's not out of the question if you're willing to be a little flexible and patient.