Most of my buildings are identical to this, but make apx $160/m/door profit, so I'm having difficulty seeing how you are getting ~2x the profit from effectively the same buildings. 

I too have faced difficulties in the past.

Another consideration is that if we have a major storm event, it is usually much harder to get a single family home back up & running than a condo unit due to differences in construction and difficulty in getting a contractor to focus on your home vs a larger condo association who can attract contractors that regularly provide services for the association or can attract contractors due to the scope of the project. 

Starting a full 501c3 is a mountain of difficulty.  

There is an acceleration clause is most deed of trusts, that is, his mortgage document that calls for a full payment of a mortgage if the title is transferred in this manner, but people do it all the time and accept that is the mortgagee/lender ever exercises this clause then you'll just have to refinance the property and since you were paying the mortgage and have proof, you should have no difficulty in refinancing the property. 

@Josh CasariI am going to assume you have run into some difficulty after starting this transaction.

Evaluate your financial objectives and priorities to see if they fit with your plan.Explore Out-of-State options: Considering the particular difficulties the Manhattan market presents, you may want to look into out-of-state choices.

I may have posted it in my BP blog as well, but I recall it had a bunch of difficulties with the tables.

That price range is going to be very difficult. I

Prior to taking on more ambitious improvements, you might build confidence and expertise by starting with a turnkey home.In conclusion, even though BRRR ventures might yield large profits, you should consider the learning curve and any potential difficulties, particularly if this is your first purchase.