Hi TJ,I always suggest to clients that they take a look at homes in their market to see what other flippers are doing.Here a couple of example properties that you could look at and / or contact the listing agent for more information.This property is currently listed at $639,997 and sold for $375,000 on 1/18/2024.https://www.redfin.com/NJ/Bloomfield/465-Beardsley-Ave-07003...Another one to look at is this one that is listed at $694,850 and sold for $485,000 on 2/20,2024.https://www.redfin.com/NJ/Maplewood/77-Rutgers-St-07040/home...Hopefully this gives you some confidence and motivation! 

you could look for opportunities with reverse mortgages in default (backwards marketing) and tax defaulted property (the last group can be difficult to sift and sort due to large quantities).In the end, you’ll do much better focusing on solving problems that others cannot or are not willing to solve (hoarding, squatters, liquidity, defective title, skips, etc.).BTW, I started with working foreclosures (1978) and then deceased owner and title-impaired property about (35) years ago and have closed several thousand deals to date.  

Good contractors are a precious commodity and any investor who has spent years and tens of thousands of dollars on contractors form hell will not feel motivated to share those with a stranger on the internet.

You say you are on a shoreline of some sort, Why does the water just not run into the river or lake or whatever you're on?

They were also able to provide new estimates on the work needing to be done including correcting everything the original contractor had done.My question is, should I pursue some sort of legal action or just never get into contact with said contractor again?

Is it better to constantly reach out to motivated seller leads or have motivated sellers reaching out to me?

Motivation is to overcome down payment hurdle for expensive houses for STR

I have restrictions on both that do not allow any sort of "vacation rentals" and a minimum 6 month lease requirement.

Whether or not you'll be able to lower your current living expenses by househacking will depend on:- the type of property- property taxes - which are relatively low in BK compared to other counties- down payment- projected incomeThat said, househacking in NYC is totally doable and most first-time househackers find success in located small multifamily properties (2-4 units) preferably with some sort of additional income potential (i.e.

I know it's not my post, but sort of wondering on something.