Also another reason people can need to pivot from utilizing conventional loans is their DTI gets capped or they are self employed and thus despite having ample liquidity to conduct the transaction they’d trying to do, can’t document income to the lender’s standards.  

Is this standard practice? 

If they were down at the 2x income level, I would almost consider that disqualifying by OUR standards.  

I believe NYS law is 15 days to keep the things, but I have also read 30 days is standard. i want to get the property cleaned up and start working on it...

Your agent should be able to show you numbers of recent properties that were a "good deal" based on market standards. 

Also, remember that city building inspectors or looking for minimum standards and may or may not be best for what you're trying to accomplish.

I can break everything down from NOI, standard operating expenses, and cap rate to assisting with an exit strategy. 

My current favorite is to use the standard contract realtors use in my state of Arizona.

But if you sit vacant for one month before finding a tenant, you've lost a month of rent and utilities and earn only $16,350.On the other hand, if you drop the price $100 and find a renter quickly, you will earn almost $500 more in that first year.Always remember: lower your price, but never lower your standards!

The bottom 1/3 of our population has to pay with a lower standard of living until????