Offered $20k over asking within a week of it coming online.

These areas offer a mix of renovated bungalows, new construction, and industrial conversions, with increased demand from young professionals.

Both things are happening.Buyer agent commission is still negotiated up front with sellers although there is the option not to compensate a buyer's agent - aka have the buyer pay their agent.We also tell buyer's agents to include their commission in the offer.

As the market changes, I'll have to adjust my offer accordingly.

Analyze and submit offer based on if you would have a 3rd party property manager.

Quote from @Stephen Hood: I have a property that I want to move into and  purchase but am running into a challenge with the offer being contingent on selling our current property.

They will not offer that (instead relying on your advertised rate), but they will be willing to pay what you're asking without fuss as long as it is below that high threshold.

What do I care, it’s going to be the downpayment in 30 days and I get the deal over someone offering more but wants to put down $5k.

I think you'll find that's a unique range and won't have as much competition.

A triplex or quadplex could provide more units for rental income, but obviously will require more financing, so having your financials and pre-approval lined up early is key.Since you’re already looking to network, attending local real estate meetups is a great idea—you can also connect with seasoned investors or agents specializing in Long Island properties who can offer advice specific to the area.