Investing in single-family residence fix-and-flip projects in New York involves purchasing distressed or undervalued single-family homes, renovating them, and selling them at a profit.

To get those hours, maybe turn one or two into medium term rentals (you want the average stays to be over 7 days so they don't fall into STR status) which would give her more to do, particularly in the first year of furnishing them and getting everything set up.Alternatively, she maybe she could manage the properties but also get her RE license and try to sell a house or two a year - go to lots of open houses or run them for other agents?

It seems that most condos are selling at the purchase price from 1-2 years prior.

We ended up just selling our 4plex, but out of the three, I liked heart and home best.

I have a question regarding a property that the state took over and is selling.

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My father-in-law told me he plans to sell his 6 unit condo building ASAP so he can "retire" from being a landlord.

The one guy I spoke with said they make money only when they sell to potential investors and they only sell new construction homes that are usually pre-leased to buyers (currently they are building in Texas state and Missouri State).

And even if I do not get into the renting business I can make some profit if I decide to sell the property at some point.

Given your assumptions, you are not going to be able to get enough of a loan to fully cover the rehab, even with a hard money loan, so you'll need to pull in cash from elsewhere.One possibility is to have your mom sell you the house with a personal loan, not one attached to the property.