NYC is not a great market to start in since all the deals there will be appreciation plays.

I’ve played this game before.

You said you live in the house, so if it is for personal use only, that might play into the decision, and/or if you have a lot of room in the deal financially and have enough to pay for the higher priced, possibly better GC, that might be part of the decision also.In my experience, higher price doesn't always mean "better," but may mean more attentive and experienced and more and/or better resources (like better sub's, etc). 

The debt: 7.10% rate FIXED for 10 years, 2 years interest only, 25 year AM.Thank you to all of our TEAM at The Stephan Group who will be involved to make this deal a HOME RUN play.

It has proven a winner for us.. because our competition wont allow contingent sales so we snag some of those playing the odds..

@Mary Jay, I'm more pragmatic than most.

About 21,000 square feet of live-work-play units are also envisioned, allowing a small business owner to operate a tiny shop from their home, according to details shared by Taylor Assistant City Manager Tom Yantis during a June 27 public hearing with the Taylor City Council.

The real play is to get a seller-financed note and then sell all the homes during the term they give you and then refi out.

But I don’t even play a lawyer on TV or the internet. 

At 3% a year (guesstimate) that is $4,800 more the house is worth each year.So the optimal play might be to rent it out for 2 years, make $9,600 in rent, gain $9,600 in market appreciation, then sell it and save the $20,000 in capital gains.