waiting and saving capital to purchase when the markets better?  

FYI August is a slow time for the NYC market.

I haven't explored the market yet for that product.  

Let's say the listed price for the property is $1.3MM, we think the fair market value is $1.2MM.

Each market has its own unique laws and regulations. 

BP will help you find Capital Market type hard money lenders.

Compared to the stock market, real estate investing offers better return on investment and lower risk.

Additionally, you’ll build equity and can leverage that for future investments.Flipping: On the other hand, flipping can provide quicker returns, but it’s generally more hands-on and carries more risk, especially in uncertain markets.

@Marcus Auerbach I have seen marketed a closed-cell padding for basements desired to reject moisture associated with that space.

But it's pretty competitive to find listings right now, so the market works.