The good news is that you have plenty of time to learn.

The good news is the seller is open to trying this again.

Your citing 1 lone report saying wealth is leaving MN which is news to my ears.

Here's an example of what's in the works: https://www.notarypublicstamps.com/members/news/1147And here's a good summary of current law:https://www.hklaw.com/en/insights/publications/2020/04/remote-online-notarization-more-states-including-new-jerseyAt the height of the crisis we had underwriters actually telling us to find a Virginia RON to handle remote signings as they had more flexibility.

My previous concerns with NY real estate are largely well known already- high bid up sale prices, low CoC return, highly favorable tenant laws, etc.Now on top of the rent moratoriums from COVID, landlords also have to deal with new statewide tenant protection laws enacted toward the tail end of 2019 that provide an astronomical amount of tenant protections. https://www.rebny.com/content/rebny/en/newsroom/in-the-news/2019/Housing_Stability_Tenant_Protection_Act_2019.html/also not looking good for "mom and pop" investors: https://www.amny.com/news/rent-laws-new-york-1-32225521/Bottom line is, I'm sure there are NY residential landlords in here. 

Here is a link.https://www.fanniemae.com/portal/media/corporate-news/2020/covid-payment-deferral-7018.htmlThis way you prevented the seller from completely losing everything and you just got a good deal on the property while being protected.

@Cole Bigbee, Bad news - unfortunately there's nothing you can do at this point. 

Yeah, it’s really exciting news!

The SST is required on FHA 3-4 unit properties, 75% of all rents including the owner's unit must be greater than the PITI.Wish I could give you better news. 

Hi @Julie Hill, I'm sorry to hear about this bad late-coming news on this project!