If the mortgage was rejected, as I'm sure it will, I have to find new buyers in the middle of a market crash.I feel bad for the buyers, the flippers, but investing in NYC, things like this happens.

My thoughts right now are:- $700-900 per month in cash flow is outstanding- $67k to get into the deal is a lot, but it would garner ~$100k in equity- I'm split between keeping the killer loan rate and using the property for cash flow, potentially flipping the property, or actually moving into the property myself (coincidence here, but decent timing/location for a possible move for me)I'd love to hear some thoughts on this.....good, bad, ugly or whatever.

Your written agreement should fit on a single sheet of paper.If the apartment compromises 10% or more of your investment income, this is a bad idea. 

He said if I want to fight the ticket, he will go with me as a witness.

At that time the ex wife warned us that he was bad at managing money and would likely get behind on rent.

The idea you’ve got isn’t a bad one but I’d want to do some research before you lock yourself into a lease at 1000 a month.

From those one looked fairly good, well managed on the upswing as a new owner had come in and started remodeling and kicking bad tenants out. 24 unit complexList 565,000Purchase Price 535,000Gross Rent:138,000Less Vacancy(10%) 13,830Operating Income 124,470Property Tax 8,837Insurance: 6,900Management(6% after vacancy): 7,468Maintenance(6%): 8,298CapEx(6%): 8,298Water: 8,400Waste: 2,700Electric: 8,400(laundry room, hot water heaters, security camera's)Cleaning(unit turnover): 1,800Landscaping: 600Operating Expenses : 60,301Net Operating : 64,169Loan Payments(100% financing): 42,369Cashflow:21,80024 units - 16 2bedroom and 8 - 1 bedroom lofts.

There's a decent chance the pet owner is already in love with their puppy, and the longer you let them get away with breaking the lease, the more fight they are going to put up.The service dog thing is most likely BS. 

Bad faith tenants are unlikely to pursue landlords for damages when they know any bluff will be called in short order. 

:)  I just did one that was really bad.