In both cases I settled with the homeowner to avoid aggravation, lost time, and expensive lawyers.

I know we have been positioned as the transgender capital of the US in large part because NYC is too expensive.   

Have you discussed your plan with any social service organizations and/or impact investors (i.e. foundations and philanthropic orgs) in NYC that are looking to help you?

If you elect to use a VA loan, that typically means you don't plan to put any money down.

Here's the deal:Purchase Price (PP): $95kRenovation Budget (via HML): $60kTotal All-In Cost: $155kARV (After Repair Value): Around $200kRefinance (via DSCR Loan): 7% interest, 30-year fixedRefinance Details: After the refi, I will pay back the Hard Money Loan (HML) at 11.95% with 3 points:HML: $60,000Interest/fees: $3,585Other costs: $1,800Total to pay back HML: $65,385After the refi, I will have $84,615 left in cash.Cash Flow & Expenses:Expected Rent Income: $1,700/monthProperty Management (PM): $126/monthInsurance: $100/monthTaxes: $126/monthMortgage: $1,043.75/monthTotal Expenses: $1,395.75/monthSo my monthly cash flow is about:$1,700 - $1,395.75 = $304.25/month in cash flow.Return on Investment:Cash Invested After Refi: About $18,385 (after paying off HML and closing costs).Annual Cash Flow: $304.25 * 12 = $3,651Cash-on-Cash Return (CoC): $3,651 / $18,385 = 19.8%I didn’t account for maintenance costs since it’s a full gut rehab, and everything is brand new.

I'm planning on putting 25% down because that is a requirement of the loan.

Although , double closing is more expensive , I feel it’s a little more legitimate than assigning.

We plan to rent it out, as an STR, while we are not there.

This would depend on loan purpose and how long you plan to hold it.  

I’m planning to purchase a 3–5 unit multifamily property in the Decatur, GA area by September 2025 or 2026.