Agents do this kind of thing and throw a 3% fee throughout the entire deal. 

However, I also want to throw out the potential pitfalls of lack of reserves, finding someone to refi out your purchase, and the reality of not needing more than just the 16k purchase.A better option is to find someone to partner with who can provide the funds and cut them a piece. 

You may not find a situation where you will cash flow very much (you may even still have to pay a couple hundred bucks/month) but at least you are now owning a property, not throwing a large chunk of your money away in rent (assuming you rent now), your tenants are paying down your mortgage, you are gaining equity each month and gaining tax benefits. 

Combine that with a hefty LIRR fee, and lack of commuter parking, and you get congetion issues which force owners to sell in Li and buy elsewhere, further away in the island, somewhere by riverhead or outright not in the island.Rents are high, which is a good thing, but I am not sure if it would be wise to throw a huge portion of the rental income on property tax, when it could go into your home.

It might be wise to throw in a townhome, single family or new build here and there to diversify your portfolio.

@Chris Murdien My guess is that the seller thinks you are a tire kicker and she is asking you to throw down some hard money to prove that you are serious.

@Paul Sandhu I suspect that how well you do on which platform has a ton to do with your location, the kind of unit you are advertising and your target audience.

Get creative and throw together a quick CMA estimating their house below market value and you may just get someone to bite.Hope it helped, and if you need more specifics on what realist is and how it works just let me know.Thanks,Kyle

If you landed a good deal and that 1400 is throwing off 300-350 cash flow, then you have room to move.

(and trust me they will pretend to LOVE the place and throw stories or feelings at you)Don’t be that guy and if seven walk through and you only get one to fill an applicationyou might want to reconsider your pre-screening process. my pre screening process saves me time from showing people the house who won’t like it and aren’t at all qualifiedBefore you even agree to show them the property, ask the right questions!