Has anyone every purchased a multifamily in New York state as a HUD property, if so what does it entail.Thanks again everyone is always so helpful!

When trying to send a reply from my inbox using my Android, after typing the first word and hitting the space bar the system automatically deletes that first word and I'm supposed to start the conversation again.

Hi Abigail, as @Dan Barli mentioned, the best way to find folks in that area is the member search section on the site.

For the properties we own in western New York, we try to keep them within a 30-minute drive. 

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There is an argument to be made that a land contract or a subject 2 structured strong enough could cross the "risk of loss passing" bar and that the bundle of rights you have in controlling the property is enough to make it equivalent to having a deeded interest in the property.We've done 1031 exchanges for land contracts occasionally. 

I think New York is a more tenant pro state but I know every situation is different.

Even the Texas State Bar RE Practice Manual removed all of the LO and Exec Contract forms from them because of the large risks and Deceptive Trade Practices Act tie-ins.

@Dan Barli I planned on doing it myself and this property ended up being in a neighborhood I didn’t feel comfortable with but 5% and 8% wouldn’t be enough?

If it is your primary residence, there may be programs available where you could get in with only a few percent down.As Dan Barli stated, your goals certainly come into play.