This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

What's interesting to see is what would be the effect of all this in the 3rd quarter ? 

s, first rent of the newly created unit must be equal to the combined rent of the two previous RS units..in addition, newly created unit will still be regulated, NYS senate just passed bill S2980C..Substantial rehab is the only remaining strategy, which is not cost effective in the current market

An assumable mortgage is effectively a 'portable' loan.

This will be used for repair cost and down paymentAny advices going forward?

This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

You will cut your cost of living down, and build equity at the same time. 

My plan is to use FHA, 3.5% dp, seller covers closing costs. 

My point is that in a market where overall demand is unbelievably strong, the opportunity-cost numbers are not that strong for an all-cash, or any for that matter, acquisition relative to past history.