If you do take on new debt or collections during this time, the lender will see and it will require that it be accounted for in your DTI (unless this is a DSCR loan). 

A quick search says they have 5 days to appeal and must post a bond equal to a months rent.

Does anyone happen to have companies or referrals for Prop Mgmt and Rehab in Richmond, Indiana?

Meaning, automatically turn on power when a tenant leaves...Or, is this to difficult with multiple power options.

You are correct, that this has long been the conventional figure used to estimate cost for buildable sf in NYC. 

Are there any investors between the ages of 18 and 25 in this group?

They are taking a MASSIVE risk on this deal.

I will essentially have a bag of cash but no W2 or desire to get a W2, so I'm likely going to go the hard-money route. 

Also, what would you recommend about getting a property to fix and flip or rent?

Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000