They are highly sensitized, bordering on paranoid, overwhelmed, stressed to the max and most have shut down and are burying their heads in the sand waiting for it to get better or fix itself.  

I don't see this as a plan, I'd like to own a multi family in the New Haven/ Hamden border of Connecticut.

I thought I'd been pretty much everywhere in Wyoming, but Thayne is new to me- it sure is beautiful up there on the border!

I spent a couple years working a project in Portsmouth and, in the spring & summer, would ride my road bike over to Hillsborough {Home of Paul While Cycles}, Greenfield and beyond {one Saturday I road clear to the Vt border & back}.Starting out with a 3-4 unit in which you live is a very frugal and smart way to get started, it usually means lower property taxes and, in the U.S.A., lower mortgage rates and down payment.Would you be looking to remain in Greenfield, or would Keene, Manchester or Concord be options for you ... prices would be a little higher, unless you remained on the outskirts, but your tenant pool would be larger.

I noticed that you're close to the Texas border, what's the real estate market like in your area?

Betting on appreciation with a risky interest only, adjustable rate mortgage is simply gambling.

Location:On the edge of Clinton Hill/Bed Stuy border 2 blocks from subway Price of Property: $210,000 Repairs: $100,000 (Have two quotes of $80K and $100K) Liens:1st Mortgage $74,0002nd Mortgage $12,000NY State Dept of Tax $1,613 (Can be shorted)Violations $14,456 (Can be shorted)Fed Tax Lien $15,792 (Can be shorted)Tab Violation $125 (Can be shorted)Total Liens $117,986 (Liens can be shorted down to $90K) Total (Before Short) $427,986Total (After Short) $400,000 Assignment Fee (3%) $12,500Gus Commission(3%) $12,500 Total Sales Price $425,000 Low End ARV : $600,000 LTV =70%High End ARV : $650,000 LTV= 65% This property was in a good area and had a lot of equity built into the property.What would be the best method to use in order to make this deal work for all parties?

In addition to being a US real estate investor I run my own cross border tax return consulting and tax preparation business.

But if you're willing to take the gamble, the returns could be huge if the development does happen.  

Smart investors make their money when they buy - waiting for appreciation seems to be a bit like gambling.