Will you lose money on the clean? 

Purchase price: $140,000 Cash invested: $35,000 Sale price: $249,900 Contributors: Peter Vekselman On 06/05/2024, Partner Driven and Preston Moore acquired this Meadowbrook Dr SE property for $140,000.

As others mentioned, you're going to have a very hard time getting a loan when you're currently in default on any kind of mortgage, HML or otherwise.

I am looking at buying a townhouse in NYC that is currently designated as an SRO with two rent stabilised tenants living on one of the floors and the other floor unit is vacant.

Are they delinquent on their rent?

Is it based on days used for business, miles driven for business, or both?

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

And, on top, thanks for teaching us how to live and party!

When I used the Insight Property tool on BP it had the median rent at $2500 per unit. 

@Tyler Rabanus the numbers on this deal don't pencil.