.- The bathroom sink is leaking—do you pay a plumber or fix it yourself?

Also, the tenants that you are inheriting will not know what information you do or do not have.

Once again, consult your legal advisor on this stuff, but that's what most of our more savvy clients do.

Quote from @Kaleb Johnson: The issue is that you cant cold call people in New York  You cant cold call but you can definitely do SMS marketing and find your ideal sellers for wholesaling.

You do have to pay the seller the "equity gap".

Some agents will do 3% but asking anyone to do 5.5%(2.25 to each side) is not going to be attractive.

You may do some research on what life is like on both ends and make a decision from there. 

How do you plan to finance the property? 

It’s not Boise or Austin-level hype (yet), but that’s the point—get in before the rush.So, here’s my question for you all: Where do you see the next housing boom—and how are you tackling it?

You can still do 15-20%  down on the initial purchase price, however given the tightness of the deal, you might not be able to finance all of your proposed renovations, unless you cut the budget.