Depending on amount of damage vs deductible it may be worth or not worth itAlso if it’s vacant and was under renovation they may say you were Donny major repairs which is builders risk and may not cover it.

Maybe you can find someone with very large deductibles?

Heavy rehabs or rehabs that are bigger than the purchase cost range from not allowed to case by case to no issues, so all over the board on that issue.

Some loans are "assumable" and allow them to be transferred with a sale.

Side note, if you will be financing a condo that allows short term rentals, you will most likely need to obtain non-warrantable condo financing, not conventional.

Every lender can be different but there are options that allow as little as 10% down and 100% of rehab financed. 

By BiggerPockets rules, we are not allowed to offer our services to you (although not everybody follows the rules).

I recently sold a townhouse that had 10 offers on it.In terms of pocket listings, technically Realtors are no longer allowed to have them.

As a partner in the LLC, you and your wife will receive a K-1 form from the partnership, detailing your share of the income, deductions, credits, etc., for the tax year.

In fact, there is currently no provision since the enactment of 2019 Rent Law that allows vacant apartments to be come destabilized in NYS.