Needs to be gutted, needs new roof, new hvac, new windows, new drywall, fix water damage throughout, rebuild an addition, add a garage, add a 2nd bathroom, new flooring, new kitchen, new appliances, paint, landscaping, redo driveway, redo layout (used to be a triplex but is now sfh), remediate sinkhole, replace asbestos shingles with siding, upgrade electric from fuse box, replace cast iron pipes throughout, put in a pool. 

Your words… not mine.If you can’t prove it or very ironically just developed some last minute humility no need for us to converse any further.

Upon a walkthrough the major things that stood out to me are: roof is near the end of its life, the ac unit, water heater, and a section of cast iron main sewer line (easily accessible overhead in basement) all need to be replaced. 

Ironically, Albany, NY where most of my investments are is more stringent than NYC on their approvals process.

And most new agents, they NEED more so, actually, the bigger the split it's actually probably a better starting point, ironically. 

Also, I'd stay away from what we call "the iron triangle" and the Nellie B area that I think you're referring to on the eastside.

Answer 3: That's a really good question, and ironically that's the answer, having really good questions.

A section of our pipes is cast iron, another portion is clay, the cast iron section had roots in the pipe where it had eroded over the years and the clay pipes had started to compress. 

Ironically, I have an LOI accepted on a property from a REIT.  

Not my 1st bbq, ITS ALL about the numbers,