i've taken out a HUGE book from my local library that helps realtors, appraisers, inspectors and brokers, to learn New York State real estate law and regulations.

Like the fact that your property tax level will be higher because the assessor will use the property's sales price as the new basis in calculating the property taxes, when the seller will list them as the existing rate.

Good help was scarce, and good contractors were non-existent for a reasonable price.

I know that most investors won't buy there, and the retail market there is non-existent.

Now the rents are regulated and thorough inspections of the property are required, but you can offer any property through HUD's Section 8 program.

I might assume the existing mortgage, but if I could find someone to just lend me 2 million CAD and take first position that would ideal. 2m would be approxmiate 90% LTV.

The contract for deed regulations are EXTREMELY strict and pretty much make it impossible for someone to sell without being liable for some serious penalties.

Nothing you do to the house will affect the balance on your existing loan.

Are you planning on tearing down the existing house?

those two tell me motivational level depend on if they are paying two mortgages-how fast do you need to sell-how much if I gave you all cash (most don't bite on this until your out to seeing their home)-will you sell your home for what you owe (forecloser)-existing financing (how many mortgages)-repairs need (usually no)when was the last time you replaced roof, carpet, painted, landscaping?