This issue gets compounded since many investors don't know how to spot an unrealistic bid.

Stessa is a great option, but Baselane is my current personal favorite, partly because it doesn't require that you use a special bank account for rent collection like Stessa does. 

With your residency limits, maybe check out more affordable spots in Orange, Rockland, or Westchester counties.

Hey everyone,We’re in a tough spot with a recent client purchase.

The more properties we walk through, the better we get at spotting potential issues before they become surprises.

@Bryon Andrews was spot on in his advice too - do some Zillow and FB Marketplace surfing every few weeks to see what rents in the blocks near your property have been renting for recently, and track how those fluctuate over time for a few months.  

The seller of 22 properties is in a tight spot and needs his properties sold ideally within 60 days.

New to this platform and my response posted in the wrong spot.

The more you know, the easier it will be to spot a good deal and avoid overpaying.- Build a Strong Buyers List EarlyA solid buyers list is your safety net.

Feel free to reach out though if it would be helpful to look for a sweet spot in those to see the tradeoff between prepayment penalties/terms!