My question is how to I do my taxes do I add the vacant property and closing costs or should wait until next year when there’s an actual building?

You wouldn't know if it is truly illegal or not without asking the city, which you would not do obviously.

I’m looking for insights on how to put together a deal with the following details:Asking Price: $260KMarket Value: ~ $265KProperty Details: 3 bed / 2 bath / 1,400 sq. ft.Days on Market: ~100Loan Type: VA Loan (Attempting a VA Loan Assumption)Mortgage Balance: $200KThe ChallengeThe seller is behind on mortgage payments, and while I don’t have an exact amount, the agent mentioned it’s over $20K.

(My credit score is sub-600; I know that makes it harder.)After rehab, I anticipate renting it for $1622/month through our county's Section 8 program.

I've gotten to where if I don't know the caller, I don't answer.

Let's of NYC investors look at other cities in NY, Rochester, Buffalo, etc... they can drive to them to see them, and they know the state well enough to feel comfortable.Most of the rust belt cities in NY offer cash flow as well. 

Our concern is how can we be sure of the rate that is seen on the statement is the rate it was rented out too, when we don’t get to see the actual booking?

If you have any questions or wish to know more about the financing process, feel free to reach out.

I find myself enchanted by short clips of deal analysis (SFH though MFH also works).Do you know where I can find channels of youtube doing it?

I know leaving a w-2 isn't an overnight change, but I love the idea of financial independence and would love to not be reliant on it.