. $500.If there are truly 3 layers of roofing on there, definitely needs to come off at some point because the structure is more than likely not designed for the weight; but for now, just patch and go.

Plan for licensing and inspection hassles and delays.Be careful how much weight you put into a prop mgt company's casual answers about the market.

Borrowing money going into a rate reduction environment kinda freaks me out. 

Here's how they work: they advertise a low initial cost of $499 for a 30-yard dumpster, but in the fine print, it says you'll pay extra for any weight over 3000 pounds.As a first-time home renovator, I assumed the 3000 pounds would be more than enough and ended up paying a lot more than I expected.

Also have a contingency plan and risk reduction plan.

There's very recent research from Viceroy Research showing one lender has their weighted-average loan DSCR is now 0.61x ........If private lender itself is collapsing who is going to have the ownership of the apartment ?

You can probably search the bigger pockets website for attornies that work with investors in your area.If the numbers on the deal barely meet your investment target then consider hiring an attorney to work with the estate and see if you may be able to get an additional reduction in price.

@Christopher Phillips   maybe i'm reading this wrong, or it works differently in NY, but a 6% seller concession normally means the seller is giving the buyer 6% of the purchase price to use however they want in the transaction - be that for closing costs or principal reduction or down payment, whatevs.A seller typically doesn't have a say of what can and can't be included in the borrowed amount, that's up to the lender and the loan program. 

We’ve been tossing around the idea of converting one of our bedrooms into a gym (treadmill, weights, bench, etc with towel and water service).

In essence you have to prove your house isn’t worth what they say it is worth – and since they started 15% below market – you have to be able to justify the argument that your house is worth (say) 25% less to get a 10% reduction in your taxes.