It is not. 200-300k won't get you too far and because of how dense Staten Island is in a lot of parts, new flippers don't know what they are signing up for with neighbors and city officials.

Interestingly enough "the powers that be" have finally announced U3 is at 5.3%OP, IMHO there's no '08 crash on the horizon.

It offers convenience, a physical address for official docs, and some extra perks.

Officially adding 5-6 unit properties to my search!

No sane seller is going to announce specific terms of seller financing without knowing who the buyer is, the buyer’s character and his experience and financial wherewithal.Then there’s the seller’s “children.”

Look at this:"In a significant policy change, Fannie Mae has announced that, starting from the weekend after November 18, 2023, it will accept 5% down payments for owner-occupied 2-, 3-, and 4-unit homes.

I may not have a license to do appraisals and have never done one officially, but that does not mean I do not know what it takes to produce one or that I dont know about the guidelines and regulations placed on appraisers.

(Adopted 1/95, Amended 1/07)Actually, using these terms the tenant can't be your customer if you are a legal PM because you are an official agent of the owner, i.e. it is as if the property is yours to rent out and you can legally obligate the owner into contract with the tenant.

Then if the LL agrees to the LOI terms you’d draft the official lease agreement that includes all of those terms for due diligence, feasibility, permitting, construction, rent commencement date, etc. 

In Canada the prime minister made some announcement about trying to get a federal lease that all the provinces need to use as well as posting the previous rent so tenants can negotiate the rent prices.