NY Market is very competitive, so getting a good deal might be worth the investment of being flexible with your preferences or any upgrades needed on the property; cheap houses are houses that need work or problems that need to be fixed. 

I started building in 2020 and prefer it now over remodeling in many regards.

They ask for 50% upfront, material costs (or combination), and they prefer cash. 

Brokers send that in and then are put through a series of videos showing how to package the loans and load them into the companies system.Broker does that loads them into the system and now you have individual borrowers with all their personal info being transmitted to the fake wholesaler lender.. 

@William CoetThe big players definitely approach these markets differently from individual investors.

This is essentially borrowing money from a group of people or 1 individual.

(So, do you really have a PREFERRED return?) 

If you're local, check out this monthly REI meetup if you want to meet some other like-minded individuals and possibly find connections for your first deal... https://www.spacecityrei.com/events

Case law: https://cases.justia.com/california/court-of-appeal/2020-a15...In Owens, the landlord owned and lived in a single-family home located in Oakland, California, and rented individual rooms in the home to three unrelated tenants.

The BRRRR strategy is my preferred way to buy and I have wroked that strategy many times.