I agree with this statement and you're second-next step needs to be getting qualified/finding money and walking properties.

If the seller does not accept, then I give them the option to not take my counter offer.If I paid the "non-refundable" deposit and the seller walks, then I am out the money.

I came close to purchasing a few myself but decided to walk away last minute to focus on other projects.

(Need to commute to midtown w/o a car and for it to be safe enough for my girlfriend to be comfortable walking alone in the evening)I’ve thought about D4D/direct marketing but I don’t know how effective it would be in the NYC area?

. $200 monthly flat fee and they walked away after we did the work and after 1 month.

Then visit all of those areas and walk the neighborhoods.

@Roy N. and Jeff Beard Thanks for your responses...you summarized the options well.While the property might be beautiful, if the numbers don't justify pursuit then the right thing to do is walk away.  

We do Annual Evaluations/Walk-thrus to monitor tenant damages.

I did a walk through a few days before it was advertised through Facebook.

I’ll be walking all 4 units in a couple hours .