I have seen several 5-6 plex units turned into four plexes for sale purposes, as I just gives you many ,more buyers and better financing terms as you know.Two, I would think some about your strategy in terms of the remodeler versus landlord...and they can go together, but you have some big plans and this is an old building, 100 years almost, so are you primarily excited about the prospect of renting these out or rehabbing and remodeling and adding units.

I could generalize but it likely depends on the language of the agreements, regulations, the policies and practices that apply and the parties involved...The authority could likely tell them the policy or what their agreements and terms require in terms of proces in that program if one of two dies.

For the DMV investors how would you rate the current DMV market in terms of buy and hold, fix and flips.

Both are in in demand homes in terms of rentals in excellent locations, with good schools etc.

Is this considered a variation of BRRR and advisable in terms of building equity and wealth and perhaps for cashflow? 

 - In terms of cash flow or appreciation?

Thank you all for the quick responses :)I know it is asking a lot and there is no specific answer, but can you tell me on average what can an investor expect in Central New York region (Diamonte) and New York City (Steven) in terms of starting property prices, speaking in terms of both all cash and with standard 20 to 25% down payment.

Historically speaking, how good in terms of profitability can a rental property be in a market that is home to second and third home buyers?

I encourage you to define (as you it applies to you personally in terms of your wants, needs and goals) what exactly is an "investor friendly" and "good" GC?  

Also in terms of a buyer, if i'm getting a loan from a lender for a turnkey property but i would like to get money out of the loan to finish the basement, what methods could i use to structure a deal to get the seller to give me  the $20,000 from loan proceeds to finish the basement after closing?