While they mostly aren't lying, they leave out a lot of reality.Why would a government funded program like S8 pay MORE than market rents?

Hopefully they will see you are not screwing around and will leave on their own.I hope you got a great deal on this property, because tenants in place are a liability, not an asset, in the Empire State.Now, who loves NY (besides our many "guests from out of town")?

If you are a first time home buyer and have questions please leave a comment in the Youtube video so Tony and I can address them! 

I don't think they verified that the tenant was planning on leaving either.

Use your HELOC to purchase the duplex outright for $118K.Your brother’s $50K down payment can immediately go toward reducing your HELOC balance, leaving a remaining balance of $68K.Create a formal lease-to-own agreement with your brother.

Leave some on the bone for the end buyer.

Quote from @Bob Avery: I don't recommend leaving a space blank because someone could later attempt to add something in.

This leaves you with having to pay tax on the FFE allocation anyway. 

I would like to find a reliable wholesaler who has agreeable ARVs and Comps and leaves "meat on the bones", but of course still is able to have their fair cut of the deal. 

Leaving the area for the sake of real estate investing isn't in the cards for us.