You can't really know what to do until you know who actually owns the property and if there are any pending lawsuits. 

I tell everyone this, New York is one of the hidden gems of investing if you know how to play the New York game.

I'd love to know this as well.I do pickup a listing or 2 per year from Craigslist.  

I’m curious to know what others think about these options.

Let me know if you need help connecting with local resources or tools!

@Ajay Bodas I have heard the same recommendation from my 1031 Intermediary and tax guy, but they both also said, "It Depends"... following this post to see what some other smart members know!

I am an investor who has taken out many HML's and now I help other investors get funded for deals so let me know if you have any questions!

I've gotten into flipping more (its hard to find the deal and takes a lot of work but you know that). 

One thing to note- the building is older (built in 1922), is considered in a historical district, and although each unit has been fully renovated, I have not upgraded all the electrical/roof and plumbing, so that's on the older side which I know is more challenging to get insured... 

Curious to know opinions from real estate agents, flippers, developers and anyone in the know regarding what home buyers generally would prefer.