With $100,000 cash in hand, the property will be more like in the 400K price point if he were to put 20% down, leaving 20K for closing cost and emergency $.At the current interest rate and RE market is it possible to make 1K after monthly payment? 

There are so many other nuanced things to discuss but I'll leave it right here for now.Best of luck! 

The best option is to respond quickly and professionally in hopes that they move out.I would give the tenant two options: 1. vacate the rental in one week, leaving it in the same condition as when they moved in, and I will refund their deposit within 72 hours; or2.

Having a tenant do a repair leaves you in limbo should the repair be done half *** or wrong.  

The first hurdle was convincing them to leave via cash for keys.

This leads me back to my mother, as she approaches her end years, I hate to think about this, but she wants to leave my sister and I one of the houses I mentioned earlier.

Thanks for reading - and if you leave a response we appreciate that as well

If you can't leave NY, I really wouldn't try to do a BRRR from that far away unless you have someone you trust who is local.

Quote from @Jason Baker: After leaving the real estate market in 2024 and bringing in the new year of 2025, what are the best updated strategies/approaches to be a successful wholesaler in the Miami Market?  

Just keep in mind that using that emergency fund to buy your next property and having tapped a HELOC already may leave you in a bad spot if you run into a similar problem again.Also, I’m not 100% sure, but I have heard that personal loans don’t your credit more so than other types of debt so be sure you look into that if you go the personal loans route and then planned to finance your next purchase soon after.