I would love some advice on trying to navigate this if anyone has purchased a property like this before and wanted to know what are the major things I need to be concerned about.

I would love to purchase ASAP but don't want to rush through this process especially since it is my first time.

My wife read online that if you use 1031 to purchase an investment property in NYC that as far as houses are concerned, you can only purchase a multi family house and not a single family house or houses.

Purchase price: $52,000 Cash invested: $14,700 Sale price: $127,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Mike Vasbinder, successfully completed a fix-and-flip on Turner Dr, Blairsville, PA 15717.

The problem with a refi appraisal is there is no purchase price the appraiser can target, so they will always be more conservative and aim low.Bottom line: I would absolutely invest in a mini-split systems.

I started as a realtor so I also had to wait two year for better reported income to purchase.

Purchase price: $128,900 Cash invested: $50,000 Sale price: $310,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Ron Rowan, successfully completed a fix-and-flip on Wren Ct, Griffith, IN 46319.

I would want that question answered before purchasing anything. 

Start with learning how to run comps, how to estimate repairs, how to find deals, how to negotiate with sellers, reading and understanding a purchase agreement, finding an investor friendly title company, having an attorney create an assignment agreement for you, contacting investors to put on your buyers list etc.

Our strategy is to purchase a multi-family unit that would allow us to occupy one unit and rent out the remaining units on a long term basis.