Feel free to reach out to me directly to carry on the conversation or check out episode 878 on Bigger Pockets where I discuss in more detail some of the above benefits to micro-flipping https://www.biggerpockets.com/blog/real-estate-878 I appreciate your feedback Antoine.

My conversation with you on this topic is over.Where I agree with you is that it would indeed be more helpful if I could advise the OP what to do.

As the entry point in NYC is so high ($1-$1.2), the type of house I would be flipping would need a full gut renovation and my conversation with any of the banks is that they would only lend to a house that is livable now and I would need 30% down.

I think this is actually good for buyers, but will likely result in lower commissions for agents, I think in some ways the biggest change is the fact that buyer agreements have to be signed day one, that will do a few things open up a conversation about commissions and what a buyer wants to pay (keep in mind the buyer can still ask to have thr seller pay a buyers agent much like asking for closing costs assistance) but in that upfront conversation thier will be a negotiation about how much is to be paid, what services will be provided etc. and I believe both that sellers will potentially talk to a few different agents & even if they don’t the threat of that will lead buyers agents to negotiate, the media coverage of this will also drive seller awareness of the ability to negotiate.

PSSome shots from a few of our units 🤗Garage StudioNewest HomeCollage of photos from biggest rentalWalk in closet we converted into kitchen in master bedroom to studio conversion, newest homeBathroom in master bedroom we just converted into a studio, newest home

Brace yourselves for the next level of financial wizardry: condo conversion.

I would also have a conversation with the renter and make sure they are 100% clear about their responsibilities going forward, even if something happens next week.

It is easy to say, for instance, I believe office conversion to apartment is too risky in this market, so if I received a deck from a syndicator for a project like that, in about 30 seconds I can see what the plan is, and then discard the deck.As always, appreciate your inputs in assessing passive investments.  

Your insights and experiences are invaluable, so don't hesitate to join the conversation. 

We take good care of them and lots of people know what we do so it comes up in conversation often.