Smart investors first focus on finding quality properties—such as those in thriving areas of Brooklyn or potential neighborhoods around Manhattan—and then reverse engineer the process by improving management, optimizing rental structures, or enhancing facilities to make it worthwhile.

Positives are proximity, low property taxes, no income taxes, no weather events, very low maintenance stucco/tile structures, “young” properties (5-20 years old) 

This was a high-end property that needed a lot of structural work How did you find this deal and how did you negotiate it?

I have seen some properties on MLS that I contact my realtor and they may know right away the reason it isn't selling from showing it previously, or they can review the realtor comments that aren't viewable by the public on MLS.Other potential reasons I have seen properties listed on MLS for a long time. 1) Some investors may not be comfortable inheriting existing tenants.2) It may be it is a class C neighborhood. 3) Structural issues.

Happy to discuss further on how we structure our deals!

If the interest rate is still a barrier, you could explore adjusting your deal structure or negotiating with the seller to see if there is any flexibility on the price or terms to make the deal more attractive for buyers.Overall, while the interest rate may make it more challenging, it’s not impossible to work through.

How would you structure this deal to make it work for a single family home build?

(We lived in that house for years and in other properties we knew this was the case)Disposal: Was newly placed in property before tenant moved in.The fee: $145.We put the fee on the tenant's following month's rent as their responsibility due to resolution provided and plumber's confirmation that the disposal was working fine and structure had no issues.Tenant has disputed the charge, ("other landlords would be appreciative of our notice" "we don't eat a lot" "isn't that what a garbage disposal is for?

Does anyone know, or have a good idea, about the difference in returns on entitling & developing the land for each scenario, with final objective to sell to a builder to build and sell the structures him/herself.  

Typically with houses of this age - you'll need structural folks to dig and install piers into the soil.