What was the outcome?

The loss may potentially be disallowed.Best of luck

If I could find 100 doors and put together as a group, what do you feel the exit potential is on this? 

I have a potential deal on the hook however, the property has been neglected by its previous and current owners and the current tenant isn't the cleanest.

Smart investors first focus on finding quality properties—such as those in thriving areas of Brooklyn or potential neighborhoods around Manhattan—and then reverse engineer the process by improving management, optimizing rental structures, or enhancing facilities to make it worthwhile.

Negotiating Price: What’s a reasonable offer given the current income and potential for more?

First-time homebuyer-level SFHs are such a sweet spot for liquidity and demand, especially when the market gets tight.Quick question—when you're doing the homework for a potential deal, what's your go-to checklist for deciding if it’s a flip or a hold?

If you see at least a few zoned in the designations you mentioned above, that's potentially a good sign that you can get support from the local Alderman's office, and approval by the ZBA (zoning board of appeals), to rezone.

@Tim Delaney is an investor in the Buffalo market and shares many of your views on its long term potential!

Since this is my first project, I’m very open to any advice or suggestions—especially regarding potential obstacles I might not have considered.