To my surprise, I can count on two hands how many times a seller/agent has actually called/emailed me to verify the POF.Often, one can obtain a letter from their bank stating the account holder's name, the date, current balance, etc... and that should be more than enough to meet anyone's requests. 

I know its expensive but you will be well protected :)Or you save a lot of money and be better protected by doing this consistently and well:-carry appropriate types and amounts of insurance-sign contracts with indemnification provisions- obtain all necessary licenses and permits to operate your business-ensure all vendors/contractors are licensed and insured and list you as additional insured-sign well drafted and fair leases and be a responsive landlord -be an active owner or hire an active PM  who avoids or at worse timely eliminates premises liability exposure The strategies you often read about are sold by alarmist asset protection companies who fail to disclose how impractical they are.

I'm aiming to obtain around $100,000 to $150,000 to get my foot in the door.I come with a solid credit profile, boasting a score of 786 with Experian and 773 with Equifax.

Does anyone have suggestions on lease agreement paperwork and how I can obtain one.

Some of the laws in NY changed recently and you are required to obtain a certificate of no harassment, No permits will be issued until it is resolved.You will need to work with the current tenants for this certificate to be approved which can take up to a year or more, Definitely something big to consider.  

Yes I have E&O claims etc in the works, yes I’m in litigation and we’re underway for GA law of “Subrogation” stepping in to obtain a lien in place of prior lender.  

Not may people know this is a requirement and certification has to be obtained by Landlords doing their own management to management companies as they believe we are acting as contractors. 

In obtaining post-possession judgments for actual damages as defined in this section, the landlord shall not seek a judgment for accelerated rent through the end of the term of the tenancy.

So in 10 years even if interest rates are higher close to the same cash flow might be obtained.

Sounds like the seller may not even have file plans or obtain any variances.