A lot of people are feeling the squeeze of cash flow right now at least for desirable markets.

But since you've mentioned this, I will make sure to note in the listing that it's shown furnished, but can be provided unfurnished if desired. 

Many competing offers will come from buyers with cash offers or 30%+ down payments.Properties that are most appealing to multi-family homebuyers on Long Island are those:- With newer finishes/recent renovations- 3+ bedrooms in 1 or more of the units- located in desirable school districtsTo make the numbers work and to find a deal where you may have more room for negotiation, I'd target:- Properties with 30 days on market (DOM).

Some of them have the desire & extra cash to fly out to attend the inspection.

Desirables: 8 min walk to trains to NYC and 2 parking spaces.I feel the property was not built well and future leaks are inevitable. 

It seems like it should not be legal, in effect taking something without any LL compensation (freedom to use unit for whatever LL desires at the end of lease).Besides my primary issue that the law changes an existing contract, it also makes it harder to get rid of less than ideal tenants that raises risks and costs.  

.- Investment Lock-Up: While there’s a chance your funds could be tied up for a bit, if the property is well-designed and in a desirable area, you might see appreciation that allows for refinancing sooner than you think.Buying an existing property:- Less Risk: Existing properties come with a track record, so you can analyze their performance and potential more easily.

I agree though that factors come up to change how one desires to finance. 

With occupancy rates consistently above 95%, Old River Place is well-positioned to meet the growing demand for rental housing.Bascom plans to upgrade unit interiors and enhance the property’s exterior and amenities, offering affordable yet desirable housing.

so, whatever the comps that you need to target are - you go for thosein terms of getting desired rents, certainly finishes will come into play a little bitand then of course you want a safe, high quality rentalone thing to note that is not often pointed out is that, with a BRRRR, the higher you boost the ARV, the higher your mortgage payment is going to be and the lower your cash flowso a few things to consider herehope this helps