Network with investors, analyze properties regularly and build a strong team early.Good luck!

The plan is to: - Make regular payments on the seller-held mortgage for the agreed-upon term.- Pay off the balloon payment at the end of the term.- Immediately refinance the property with a traditional bank mortgage to pull out a significant portion of equity. 

I needed a consistent cash flow while still holding onto my regular full time job.

During our first deal we'll look at communication and regular updates.

Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises... 

You should be able to refinance with any regular DSCR loan in this case.

We also offer 3 tiers of competitive maintenance packages for inspections and regular upkeep and maintenance of properties!

Are there notable pros/cons to getting the property under an LLC compared to regular homeownership (us)4.

Is the property just a regular-style house or something you can build an experience around?  

If you’re referring to a special assessment, the ones for major expenses not covered by the regular dues, then maybe.