Compliance states there is no way to remediate this unless a new file is created. lender credit is 6900 which is the seller concession and no COC can be issued for “incorrect” lender credits.

You probably do have a tenant smoking in your unit, but proving it will be a problem for the reason I've stated above.

Some other banks will tell you 40% to manage your expectations but if you have a good credit and a the deal makes sense, the down payment shouldn't be above 30%.As to the managing of properties, if you can self-manage out-of-state in the US, there are no reasons as to why you couldn't do it internationally too and some investors do.

As someone new to NYC, I'd appreciate insights on:The current state of the UES market in this price rangeWhether buying makes financial sense for a 3-year timeline versus rentingThe pros and cons of co-ops versus condos in the neighborhoodI'm particularly interested in hearing from those with experience in the area, as I'm looking to make an informed decision.

Managing the operation myself could save money and provide better control compared to working with out-of-state properties.

Thanks Ben and Joseph,We work out of state so thought outsourcing management made the most sense but will look into self / hybrid management opportunities. 

AS Mike stated its a very cash intensive business.So to me scaling a business in RE does not necessarily mean you own ANY real estate.

Quote from @Erwin McClain: I had rental properties out of state but I have been renting rooms in my primary residence for over 10 years since my 2 boys have moved out.

I have a friend out of PA that sets homes in the tri-state region and I can recommend some manufacturers up your way but need to know more particulars of what you're looking for, as in basic ranch, one story/two story, etc...

And they wonder why there isn't enough housing in these blue states.