Although we remain optimistic believing it's all part of the process.

I ran into two situations within 3 months of each other that a company out of Utah who shall remain nameless, (unless you directly inbox me for their name)that bought 2 properties for about $28k/piece that already had tenant in place. 

The remaining 70-90% becomes due upon completion of the project (balloon payment), which is typically 2 to 4 yrs in india.

I agree that it is not likely or right to take away anything from the missing party, but a court ordered or court allowed sale to satisfy a mortgage with her excess funds held in escrow is not taking anything away from her.

I've looked into a few different cities that would satisfy what I am looking for.

So, being a newbie, it is my understanding that 50% rule simply states that 50% goes to costs of property and then 50% going to debt service (and the remaining from debt service is your cash flow).My questions is simple, does this apply to condominium units or just SFH?

So the buyer may now have the property for $15K, but they still have a first (and perhaps other liens) that have to be satisfied.

Perhaps he is using disinformation to encourage you to remain an investor in NYS so he can continue to get commission from you as buyer agent.

Use your positive cash flow to pay down/off your remaining 20% principal over time.  

Even with 2% deals which I hardly ever see on multifamily I'm still hesitant because of the amount of competition and offerings from large high end complexes owned by institutional investors that are satisfied with 6-7 cap rate properties.2% deal on SFR are hard to find, but it gives me time to save up and avoid long term leverage on my rentals.