I’m a new wholesaler I just wanted to know if anybody knows any title company that knows how to close on wholesale deals in nyc

The only approach I’ve found effective is offering a deposit alternative, which lowers upfront costs for tenants without devaluing your property.

I just got an email from the HOA attorney demanding close to $2000 for past due fees.

I'd bet that this note is worth more to you than to most buyers until the note is much lower LTV, but I'm a novice in this space.

That's the only way you will know if it's legal.In a true wholesale deal you are putting the property under contract, then either assigning your contract or double closing. 

In my honest opinion it is not impossible, but fairly close to impossible. 

we bought our primary resident property, and ended up finding the drainage system is broken after a year or so, and paid close to $30k to completely reroute some part of the whole system. 

The longer term loans would have lowered your monthly payments and decreased the costs.As for rent, each year you need to look at rents in the area to decide how much you will be increasing the rent by. 

It is still a seller's market in many geographic locations, so you can ask potential buyers for an extended closing period and/or with options to extend the closing period. 

What is the discount on the Note and how much are closing costs?