SAME as cash but be a little more flexible on their income.

For example, we have a multifamily deal in the boroughs where the contract rider specifically states if the owner cannot deliver the property by X date, the purchaser can back out with their deposit.If you have some flexibility on the contract, you could continue shopping active deals as backups.

I am guessing I need to look for non-conventional financing, but which are the well-knowns to provide this type of flexibility where I do not need to wait 6 months or year?

NY Market is very competitive, so getting a good deal might be worth the investment of being flexible with your preferences or any upgrades needed on the property; cheap houses are houses that need work or problems that need to be fixed. 

As the Branch Manager for RBI Private Lending in Texas, I specialize in offering flexible financing solutions, including bridge loans, construction loans, multifamily financing, and DSCR loans.

We do want to offer flexibility, our goal is to keep the tenants so if increasing only $25 a month the first year keeps them we are open to it. 

As we look back on our journey helping investors secure flexible and fast financing, we’d love to hear from you:

It provides financial flexibility, faster transactions, expert advice, and enhanced credibility, ultimately leading to more profitable ventures.

Sounds like you're in a great industry with flexibility and the determination to hit your goals!! 

So my point would be that the appraised value isn't always equal to actual value on a purchase appraisal.If everyone is month to month you have a lot of flexibility to go back to them and say, "Hey, we just got the property tax increase for the year and this will necessitate an increase in rent to $X,XXX/ month.