There was also a part of that law that enacts rent control anywhere in the state, which may affect your plans.Make sure any changes you are proposing to the contract are compliant with the "new" New York State housing laws. 

i and others will happily answer any question you have. i invest in Pittsburgh, and in fact, I'd probably try to talk you OUT of investing in Pittsburgh if you proposed it, since you don't have a network here.investing out of state is certainly possible, but it's also way more difficult than advertised. 

A terms sheet will tell a pro whether you know what you're talking about and give them a structure of the deal you propose, but it won't establish credibility with respect to your financial ability to pull off the deal.

Even if only one branch of gov is Dem controlled , such as legislative, executive or judicial, just stay away from those like bubonic plague.  

I was wondering if anyone here other than me was even aware of this new legislation and if anyone was working on anything like this.

Note the below bill was proposed, establishing a 5-year moratorium on condo conversions in high population/population density counties (basically Hudson County only).

It is very much case-by-case and requires understanding of the current tax regime for personal itemized deductions, as well as gambling on the proposed changes to this regime by the next administration.

Not so great for what BAM is proposing, IMHO.

Interestingly I don’t see any legislation or legal action against REAL wholesaling, which is purchasing a property at a wholesale price and immediately selling it a a retail or higher than wholesale price.  

I am proposed GP with development / management experience, however my liquidity is tied up in a separate development initiative.