If you could provide more information about the contract it may open up more ideas.I would agree with @Zane Cress that a tenant buy-out would be a good option, although if you are dealing with 5-6 properties (And how ever many units per property) you're looking at an extremely high cost.

Nick, are you referring to a HELOC on your primary home then using it to buy an investment property?

When you are buying deals, always focus on our exit strategy.

Hey @Yoel Peyamipour - I'm a broker and investor in NYC and come across deals in the Bronx often, but don't have anyone buying there actively. 

With 15% in my market you are looking at you could probably buy two properties off the bat and they should cashflow you conservatively 2k a month, could be up to 3k.

@Roy Oliphant, was it property you already purchased at auction, or one you wanted to buy from state?

I’ve done everything they have asked of me in the deal genie to put a deal together and let me just tell you, THEY DONT BUY THE DEAL!

(I'm asking this because your answer may help investors with their buying strategy)- What trends do you see right now with what you're working on?

However, the BRRRR strategy (buy, rehab, rent, refinance, repeat) makes sense for a lot of investors, as value can be created through forced appreciation (renovations) and capital recycled through cash-out refinances.

Investment Info:Single-family residence buy & hold investment.