Might need 5k to be a solid rental, in pretty good shape already. 

Municipal regulators will always look to the titled entity for impairment corrections because ultimately its the owner that has the most to gain/loss should conditions present dictate changes.In the situation story, and in most instances in the NYC marketplace, landlords will need to incorporate new language into their rental/lease contracts that prohibit and AirBnB use, and furthermore pass on the financial liability for any breach to the tenant.In no way shape or form should the temporary on demand tenancy have any liability for building or use infractions resulting from their rental. 

ARV comps in the area go for 260,000.The property is in rough shape, with 2 tenants who do not pay rent The property is on the way to foreclosure however I do not know if an order notice has been recorded yet at the registry. 

As long as these trends continue, I expect energy prices to have a minimal impact.I predict that holding off a year will result in having to pay ~5-7% more for your property.    

The carpets are in poor shape and should be replaced soon.  

(This is a qualified response and there are properties that will sell regardless of condition because of location and any agent would take them in a heartbeat - but if that is the case, you will have no problems moving the property either way).If the property is in good shape, then you must make a decision whether not you want to handle part of the transaction or not.

All of the homes were 12x60s and in really bad shape.

LOL, my problem is that I'm not sure I'll be in good enough physical shape going ice bound, but I'm working out to see.An option contract cannot have any performance required by an optionee (buyer) meaning they can't be required to actually do anything, if they are, it's no longer an option but a sale contract.

Being accredited is typically required but you can also join their newsletters to stay informed on latest in apartment investing education, trends and be privy to when deals come up to participate in if meet their requirements, etc.  

One quote that has always shaped the way I view using other peoples money is below."